Business Description
This OEM sensor manufacturer was established in early 90s in Pennsylvania, US. For over three decades, the company has been at the forefront of sensor manufacturing, boasting a rich history of innovation and excellence. With divisions for high and low-volume production, the company stands at the forefront of the industry, creating custom sensors with reliable performance throughout the 5-10 year lifecycle of the equipment.
With a strong foothold in the industry, their innovative solutions have consistently met customer demands. Therefore, they have a large number of customers placing repeat orders. As a result of this, the company generates 95% of its revenue from recurring customers. This recurring revenue stream is a major driving source for the company and allows them to generate fair profits while safeguarding against the establishment of inflated industry pricing standards.
The company has garnered an outstanding reputation and consistently maintains a high level of customer satisfaction, spanning several years. Intrinsically data-driven, the company’s sensors find applications in diverse sectors, from foodservice equipment and scientific instruments to IoT hardware and green energy solutions. Their transformative achievements resonate across the industry, reflecting their commitment to innovation and operational excellence.
Financial Summary
- Gross Revenue 2022: $5,245,074
- Adj. EBITDA 2022: $1,489,541
Investment Rationale
A major company asset that is positioned for a potential separate sale is its building. Alternatively, an arrangement for leasing the property is plausible, too. With no existing liabilities, the company holds a forearmed financial landscape while maintaining a fiscally responsible environment.
Customer Overview
The company boasts an extraordinary customer base featuring Fortune 500 companies and clients in the People’s Republic of China, including the nation’s largest heater manufacturer. Its utility-grade gas meter sensor earned the North American Product of the Year award. These strategic successes illustrate the trust and collaboration the company has built within its diverse and prestigious customer base, spanning various sectors.
Transaction Information
Owner Financing: Willing to finance up to 20%
May also be open to an equity partnership arrangement.
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