A third-party quality inspection company providing in-house and off-site quality inspection work to automotive and non-automotive manufacturers. The sale also includes a subsidiary company that manufactures luggage systems and accessories for city buses and private shuttle buses in the transit industry.
Key Aspects
• Mature and seasoned operating company with track record spanning over 20 years
• Strong reputation, especially within the automotive industry
• Signed contracts in place to provide services through 2021 and 2022
Opportunities
• Expand geographic footprint of services into other US markets, specifically in Tennessee, Ohio, South Carolina, Minnesota and Michigan
• Create new and innovative service offerings
• Growth potential in existing market and expansion into new markets
Headquartered
• Midwest United States
Real Estate
• The company operates from two facilities. The total square footage of the two facilities spans 31,400 sq. ft. Each location is leased from an unaffiliated entity.
Shareholder Objectives
• The owners are seeking an exit for retirement purposes. The owners are open to remaining on with new ownership for a transition period to ensure a smooth transition.
