Location: Ontario, Canada
Listing ID: Project Granite
Listing Status: Sold
This exciting opportunity is a well established turn-key manufacturer of component assemblies for the Heavy Equipment Industry. This business will provide an exciting future for either an owner-operator or an investor (or investor group) who are looking to acquire a manufacturer with an established product offering with attractive margins and strong growth for the next several years. It is expected that the business will experience 30-40% cumulative growth over the next 3 to 5 years with its current customer base.
They have excellent long term relationships with their major customers and have close proximity to their customers and suppliers. Significant time and money has been invested in this business, resulting in unprecedented efficiency and cost controls. This efficiency has resulted in helping their major customers solve their material and labour problems by providing a complete finished assembly and delivering the product needed for the customer’s daily production plan on a true Just In Time (JIT) basis. They are ISO qualified and test 100% of products before shipping to their customer.
This business has an excellent reputation in the industry with experienced management and staff using modern high-tech proprietary systems. All key employees have been with the company for an extended time and are expected to remain with the company for several years after the sale.
The business comes with a healthy balance sheet including significant working capital. The current owner is willing to stay for any extended period for the new owner.
Total Sales: $15,000,000
Cash Flow: $2,100,000