The Company is a ductile iron pipe fabricator and ductile pipe spools manufacturer, specializing in mechanical joint anchor couplings, a patented product line, and linings and coatings for corrosion resistance.
Real Estate:
The Company operates from a 26,000 square-foot facility sitting on seven acres of land in the Midwest which is owned by the Company and is expected to be included in the sale of the Company.
Key Aspects:
• Revenue and adjusted EBITDA grew at a compound annual growth rates (CAGRs) of 39.3% and 195.8%, respectively, from 2020 through 2023.
• The Company operates from four out of seven acres and can expand operational capacity within a six month time frame.
• According to management, the Company has applicator rights to the pipe lining west of the Mississippi River and Canada.
• The Company handles pipe sizes ranging from 3 to 60 inches in diameter.
• The Company currently has the space capability to grow and expand into steel fabrication.
• Ownership notes that the Company is a leader in industry knowledge and provides high quality products and services.
Current Markets:
The Company serves a diverse client base in the water, fire protection, and wastewater/sewer markets in the US and Canada.
Shareholder Objectives:
The Company is fully owned by a single shareholder who is seeking a more balanced lifestyle and an eventual full exit from the Company. The sole owner is willing to remain with the Company for a transition period to facilitate a smooth transition to new ownership. The owner is open to various deal structures to facilitate a transaction.
Location:
Midwest US
