This diversified company is a full-service steel fabricator, precision machine shop and industrial coatings business with over 70 years of history. Recent improvements have led to expected 23% growth in 2023, a $1.7 million EBITDA. Located in the Mid-Atlantic region, this company serves customers regionally, nationally, and internationally. They are well entrenched in growth markets serving customers in the power, refinery, pharmaceutical, chemical, aerospace, transportation, and food industries. They have long customer relationships with seven of their top ten customers doing business for over 20 years. The buyer will acquire a manufacturing company poised for growth as a stand-alone or bolt-on business.
Summary Investment Considerations:
• Talented experienced senior management team
• Long-term (25+ years) excellent blue-chip customer relationships
• Strong 2024 backlog
• Low customer concentration with top 10 at 50% of revenue, top 20 at 70% revenue, and over 150 total customers
• Internationally recognized proprietary product line
• Complimentary synergistic business units drive growth opportunities
• Long history with strong quality brand reputation
• Strong employee culture of quality and responsiveness to meet and exceed customer expectations
