MIDWEST-BASED INDUSTRIAL DESIGN & AUTOMATION SYSTEM INTEGRATOR

MIDWEST-BASED INDUSTRIAL DESIGN AND AUTOMATION SYSTEM INTEGRATOR
This well-established, Midwest-based full-service industrial automation system integrator provides cradle-to-grave control systems from their three multi-state locations for a large,  diverse and loyal customer base in industries including automotive (OEMs and suppliers), food and beverage, medical device assembly, consumer goods,  power and utilities, water and wastewater, and other industries throughout the Midwest, the nation and world. This decades old Company has shown steady growth, overcoming multiple downturns in the overall economy, providing one-stop solutions to all automation system integration issues. In addition to design, build, commission and validation of controls systems and equipment, this Company also offers hourly project and engineering services. The majority owner is looking to retire and has strong management teams in place, who are also minority owners in the business.

 

GROWTH OPPORTUNITIES
Established presence and reputation – The Company has grown its customer base through deep relationships — some dating back to the Company’s founding — which produce steady, repeat business. That same emphasis on relationships has allowed it to keep a consistent supplier base.

Focus on quality and consistency – Its disciplined adherence to methods, practices and procedures gives this Company a competitive edge, providing consistent value to its customers. Its CSIA certification assures clients that the Company is professionally managed and focused on successful, long-term partnerships.

Investment in sales and marketing – This Company has grown its customer base largely through reputation for providing quality work. As demand for industrial automation continues to grow, greater emphasis on marketing and sales would more broadly leverage their strong reputation to boost sales.

INVESTMENT HIGHLIGHTS
Wide-ranging abilities – With this Company’s wide variety of markets served and its diverse employee skills, it can accommodate nearly any customer requirement for industrial automation systems.

Experienced, stable workforce – With an average employee tenure of six years, this Company has shown its ability to attract and retain quality talent. This saves the Company the expense of finding, training and onboarding new employees and enhances its ability to maintain long-term customer relationships.

Accounting system – A robust, mature accounting and ERP system keeps all necessary financial data visible to key managers and allows for timely review and closing of the books each month.

3 Yr. Average Revenue:                           $14,500,000

3 Yr. Average EBITDA:                             $1,200,000

 

VINCI ENERGIES ACQUIRES OUTBOUND TECHNOLOGIES HOLDING INC. IN USA

Outbound Technologies Inc. acquired by global firm VINCI Energies

GRAND RAPIDS, MI – Feb., 2021 – NuVescor Group is pleased to announce the successful sale of Outbound Technologies, Inc., to VINCI Energies.

Outbound Technologies – an industrial controls company with headquarters in New Hudson, MI, and offices also in Indiana and Ohio – provides project management, controls integration and engineering services for clients in a wide variety of industries.

VINCI Energies is a global firm that focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: digital transformation and the energy transition. It has more than 80,000 employees in 56 countries.

Outbound Technologies, founded in 1994, is a full-service industrial automation systems integrator with a diverse background in successful system implementation in a broad spectrum of industries, employing a wide range of control, computing, network and software technologies. These services include electrical & controls system design, project management, system integration, robotic automation, guarding and safety solutions, panel design and manufacturing.

Chris Tury Sr., president of Outbound Technologies, says: “We are delighted to be joining a team whose philosophy and values closely match the cultural values of Outbound. Being a part of Vinci Energies will allow Outbound to expand its services and innovation offerings to support a broader geographic customer base across the U.S. With Vinci Energies, Outbound will continue to deliver its customary level of excellent support to its premium customer base.”

Outbound Technologies will join the Actemium network, a branch of VINCI Energies. The purchase further expands VINCI Energies’ industrial business portfolio in the U.S. For Actemium, the Outbound acquisition will add value to the solutions it can offer customers worldwide.

Peter Derks, director at VINCI Energies, says: “We are proud to have Outbound within our group, which is a next important step in our goal to grow our business in the U.S. Outbound’s expertise is highly appreciated by its customers, and together we are able to respond better to the industrial clients’ needs.”

Outbound was assisted in the transaction by NuVescor Group, a mergers & acquisitions service provider, based in West Michigan. Nuvescor partners with other professional service providers to provide the full array of disciplines needed to have successful and timely business transactions.

“This buyer was a great strategic fit for Outbound Technologies,” said Randy Rua, Nuvescor’s managing partner. “We were able to bring them together because of the market we created, the buyer profile we built based on our time-tested process, and our ability to guide the matchmaking and closing process.”

About Outbound Technologies, Inc.

Outbound Technologies, Inc., is a full-service industrial automation systems integrator with a diverse background in successful system implementation in a broad spectrum of industries, employing a wide range of control, computing, network and software technologies. With professional, knowledgeable and experienced employees, Outbound delivers successful solutions for projects of any size. These services include electrical & controls system design, project management, system integration, robotic automation, guarding and safety solutions, panel design and manufacturing.

 

About VINCI Energies

In a world undergoing constant change, VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: digital transformation and the energy transition. Keeping pace with market change, VINCI Energies integrates customized solutions to help its customers roll out technologies that serve a useful purpose and care for the planet, from design to implementation, operation and maintenance. VINCI Energies’ 1,800 agile and innovative business units build on their strong regional roots to boost the reliability, safety, sustainability and efficiency of buildings, factories, energy, transport and communication infrastructure, and information systems.

 

About NuVescor Group

NuVescor Group, based in West Michigan, is a distinguished mergers & acquisitions service company that partners with other professional service providers to provide the full array of disciplines needed to have successful and timely business transactions. NuVescor works within many different industries and has a strong focus and track record specifically in the manufacturing sector. NuVescor utilizes a proprietary proven process that greatly increases the success rates for business transactions as well as the customer experience. For additional information, please visit www.nuvescor.com.

MIDWEST MANUFACTURING MACHINERY DESIGNER/BUILDER

Midwest Manufacturing Machinery Designer/Builder  

This designer and builder of custom machines and welding technologies specializes in assembly, test, welding and turnkey systems to meet the unique needs of manufacturers. It serves OEM, Tier 1 and Tier 2 suppliers in industries such as automotive, aerospace, appliance, chemical, recreational and commercial and household products throughout the nation and world. Its expert teams provide design, engineering, build and testing capabilities – creating equipment and refining processes to help manufacturers run at peak efficiency. The Company has positioned itself to provide an impressive variety of products and services, with a foundation of designing and building industrial machinery that is safe, trouble-free and highly-flexible. It also offers service, support and parts for the machines it produces. The Company is currently operating below capacity because of the COVID-19 pandemic, and the owners are looking at various opportunities to expand and enhance their business. 

This designer and builder of custom machines and welding technologies specializes in assembly, test, welding and turnkey systems to meet the unique needs of manufacturers. It serves OEM, Tier 1 and Tier 2 suppliers in industries such as automotive, aerospace, appliance, chemical, recreational and commercial and household products throughout the nation and world. Its expert teams provide design, engineering, build and testing capabilities – creating equipment and refining processes to help manufacturers run at peak efficiency. The Company has positioned itself to provide an impressive variety of products and services, with a foundation of designing and building industrial machinery that is safe, trouble-free and highly-flexible. It also offers service, support and parts for the machines it produces. The Company is currently operating below capacity because of the COVID-19 pandemic, and the owners are looking at various opportunities to expand and enhance their business. 

GROWTH OPPORTUNITIES

On-site service – Company has seen rising demand for technical service assistance and automation of welding equipment at customers’ locations. 

Increase sales/marketing efforts – Future growth is possible through addition of qualified and experienced sales and technical personnel and/or manufacturing sales representatives to help promote the Company’s resources and talent with current and potential customers. 

INVESTMENT HIGHLIGHTS

Broad base of products, services – Through its own innovation and strategic acquisitions and partnerships, the Company offers an impressive variety of products and services to the manufacturers it supplies. 

 

Unique offerings – Its specialized equipment and patents to develop innovative applications for all industries distinguish the Company from its competitors. 

 

Customer diversity – Base of more than 200 customers is balanced among multiple industries and broad territory – international, national, regional and local – ensuring the Company is not dependent on one particular industry or geographic market. 

 

Talented, stable workforce  Management team and other employees have long tenure with the Company and are dedicated to providing quality customer service. 

 

 

2016 

2017 

2018 

2019 

2020 

Revenue 

$4,800,000 

$3,700,000 

$5,500,000 

$7,300,000 

$5,600,000 

EBITDA 

$500,000 

$165,000 

$425,000 

$840,000 

$700,000 

 

MIDWEST-BASED SPECIALTY PIPING COMPANY

Midwest-Based Specialty Piping Company

This specialty piping Company designs, fabricates, installs and services process and industrial piping systems for the food and beverage, chemical, petroleum, plastics, packaging, textile, pulp and paper, automotive, steel, and pharmaceutical industries in the Midwest. It provides design, construction and installation of such systems and customer service beyond project completion. The Company’s earned reputation for quality workmanship, safety, reliability, trust and experience has prompted its customers to rely on them as a single source for all piping needs, and led to an enviable client retention rate, with some relationships extending 20-25 years. Its highly qualified and certified workforce, outstanding safety record and institutional expertise have the Company poised for continued growth.

GROWTH OPPORTUNITIES
Extending reach – The company’s robust customer base is within a two to three hours radius, with
opportunities to increase existing services as well as expansion of the sales territory.

Potential new markets – There are options to partner with other general contractors and quote “piping only”
projects as well as installation opportunities for temporary cooling/heating equipment and piping

Growth in chemical industry – There has not been substantial infrastructure improvements within the
chemical industry in the past few years, and there are plants that are expected to have significant increases
in capital expenditures to address these improvements.

INVESTMENT HIGHLIGHTS
    Financing capability – Because of its strong financial history and past performance, the Company is able to obtain bonding for multi-million-dollar projects.
Skilled workforce – Company employees are highly skilled, experienced, and certified – in part, due to a commitment to ongoing, mandatory job-specific training, resulting in long term employee tenure.
Safety is a priority – The importance of safety permeates the Company’s culture, resulting in an enviable safety record. Company employs a safety director and contracts with an outside firm for audits and training. Their Experience Modification Factor has consistently been well below 1.0 year over year.
Customer service – Project managers/estimators have more than 100 years of combined experience, and each project is assigned a project manager who stays with the customer from start to finish, minimizing communication errors and delays.

3-Year Average Revenue:         $6,100,000
3-Year Average EBITDA:           $990,000
TTM Revenue:                             $7,450,000
TTM EBITDA:                               $1,400,000