The company specializes in wire and cable harness assembly as a B2B contract manufacturer and provides full turnkey box building services, including engineering and design.
Headquartered in the Pacific Northwest U.S.
Key Aspects
· Proprietary manufacturing control system that supports profit margin with low rework and excellent traceability
· Proprietary manufacturing control system helps maintain certifications and reduced overhead expenses
· Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 15.8% and 40.5%, respectively, from 2020 through the trailing twelve months (TTM) ending August 31, 2023
· Gross profit and adjusted EBITDA margins averaged 25.2% and 25.0%, respectively, from 2020 to 2022
· Specialize in taking on the intricate, complex, and challenging projects competitors tend to avoid
· Excellent reputation and renowned for high quality work
Opportunities
· Capacity to provide expanded range of assembly services to customers, extending contract duration and assembly revenue
· Implement additional product support services to generate repeat revenue from existing customer base
· Proprietary manufacturing control system developed in-house is an ERP technology that can be separated out as an independent business unit to allow the creation of software licensing
· Manufacturing control system can be implemented in facilities of any size and scaled for growth
· Wide range of production tooling & advanced wire stripping and processing capabilities
Current Markets
· The company primarily serves the commercial, medical, aerospace, military, automotive, and industrial markets domestically.
Real Estate
· The company operates from a 10,000 square-foot facility, which is leased from an unrelated third party.
Shareholder Objectives
· Ownership is open to a transition period prior to an eventual full exit. Ownership is open to various deal structures to facilitate a transaction.
