Description

Priced For Immediate Sale.
This is an excellent opportunity to acquire a well-established profitable steel fabrication and manufacturing business in Western Canada which focuses on API, ULC and UL products and is close to the oil and gas activity in the Bakken field of North Dakota. The business has a proven track record of cash flow and a broad range of AAA customers in Western Canada (and beyond) and has built a strong market presence that indicates significant potential for impressive growth both in Canada and the US. The company has key customers and an impressive distributor network. This business is totally turn-key. Nearing 10 years in business, it has established very strong customer relationships within a broad cross-section of Canadian agricultural, mining and petroleum industries, and is now exploring international exports to the USA. They've built their success by offering a high quality and variety of custom fabricated steel products. This long-established and busy shop has earned an excellent reputation in the many industries it serves due to its skilled management team and timely delivery of very high quality products through its ISO9001 quality system. The business operates in a large facility with several acres of fenced yard space. The asking price includes all the inventory and equipment necessary to operate the business. The owner is looking to sell this business to a new ownership team that has the ability to build on the past success and capitalize on the huge growth opportunity now available. The last 2 years saw a decline in sales and margin due to a sales and production transition but this has been some what reversed in 2015 and is now positioned to capitalize on high oil prices once it occurs. For American buyers, this opportunity is even more attractive due to the currency advantage they now experience. All of the training and transition required by the new ownership will be provided, however it is important to note that a loyal management group is in place and has no intention of leaving. More detailed information will be shared with qualified potential buying groups willing to adhere to strict confidentiality.

Posted Aug 24, 2015

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