Founded more than 35 years ago, this company is a distributor of chemical products to hundreds of loyal customers. The customer list reads like a “who’s who” of major corporations stretching across a wide variety of industries throughout the United States and Canada.

Selling products in various size containers (from as small as one ounce to 55 gallon drums) the company supplies major manufacturers, the defense industry, wholesalers and a broad range of end users. The product line includes, among others, surface coatings, lubricants, sealants, adhesives, waxes, and cleaners. Additionally, many of the products are private labeled to meet customers’ specific needs.

The company is proud that many of its products meet military specifications. As a result, the aerospace and defense industries currently account for approximately 70% of the revenues of the business.

The product line is comprised of specialty products purchased from very large chemical manufacturing companies. The business recently added a major new supplier which the sellers are sure offer a significant growth opportunity for the business – the majority of which is outside of aerospace and defense.

Historical sales have ranged from $2.0 million to $2.5 million with a normalized EBITDA ranging from $260,000 - $480,000. Due to some recent meaningful profit enhancing initiatives, the company is projecting a very impressive 2016 record EBITDA of $800,000. This business is owned by a larger entity that wants to redeploy assets toward its core businesses (which are unrelated to this chemical business), and as such is willing to offer the business at an aggressive price to strong, fast-acting buyers.

The company has five very competent employees including a general manager (who will remain with the business through the transition stage). The real estate is owned by the seller and can be leased under favorable terms or purchased in a separate transaction.

Posted Jul 14, 2016

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