NuVescor Advises Industrial Robotics Solutions and Reseller (SCC Machinery) on its sale to an Individual Buyer

NuVescor Advises Industrial Robotics Solutions and Reseller (SCC Machinery)

 on its sale to an Individual Buyer

GRAND RAPIDS, MINuVescor Group is pleased to announce the successful sale of SCC Machinery. Inc., of Norton Shores, MI, to a key employee from the Company. 

SCC Machinery, Inc., established in 2004, came from a need for an automation and robotics reseller in the manufacturing marketplace. The owner was looking for used equipment for his plastics manufacturing company and could not find many sources. From that experience, the owner started dabbling in buying and selling robotics, and he grew the endeavor into a business.  

SCC Machinery is now under the ownership of Jeremy King, a key employee since 2009. Mr. King began working with the former owner initially learning to repair and refurbish robots and eventually managed the day to day operations of the business.  

Mr. King has had an interest in acquiring SCC Machinery for a number of years as he sees the growth potential of robots and automation. It is a growth market that is showing “no signs of slowing down in our lifetimes,” said Mr. King. A key aspect of the business that he particularly enjoys is helping first time robot buyers select the robot that best fits their process and budget. A future service that Mr. King may add is robot integration. 

Serge Cousin, the former owner of SCC Machinery, is excited to see the business in the hands of his former employee. “I wanted to see the business go into the hands of someone who understands the business, the market and how to provide top level service to our customers. Jeremy has been working at SCC Machinery for years and I knew he was the right person for that role. I am excited to see where he takes it.” 

“Once we determined that the ideal outcome was the transfer of ownership to Mr. King, we were quickly able to come to a win-win structure for both parties,” said Kelly Thomas, Prep & Closing Specialist at NuVescor. “All parties got on board quickly with the process and we were able to go from a signed letter of intent to close in under 30 days.” 

“It is always rewarding to take part in a transaction where the legacy of the business remains intact,” said Randy Rua, President of NuVescor, “An internal sale has its own set of challenges, but when you have alignment and an established relationship and trust, the challenges can be addressed and overcome.” 

View Completed Transactions 

National Leader in Metrology Tool Production

NATIONAL LEADER IN METROLOGY TOOL PRODUCTION:

NVC2266

 

This Company is a national leader in the manufacture of metrology tools used in production in any industry that makes products out of metal. As an expert source in metrology, this Company has a long history of being the best in quality, on-time performance & engineering for specialized applications. Key to the Company’s past success is a proprietary process that lengthens the wear life to 3x-5x their competitors’. The Company has upgraded production equipment and is ready for new ownership to lead a quality staff in continuing a strong tradition of excellence. Established almost 80 years ago, the Company maintains a wealth of deeply ingrained experience in its specialized industry and is acclaimed by its international customer base as a quality-focused manufacturer. The Company routinely outshines competitors with the superior quality and durability of its products. The nature of the Company’s products creates repeat customers. The Company’s operations are aided by an experienced team. 

GROWTH OPPORTUNITIES

Extensive Market Possibilities – The Company’s expertise is used in a wide range of manufacturing applications, including (but not limited to) automotive, marine power, nuclear, rocketry, defense, construction equipment, machine tools, automation, advanced manufacturing, power tools, directional drilling equipment, pumps, consumer products, fasteners, aerospace, medical, energy and agricultural industries, offering multiple avenues for new market penetration. 

Positioned for Growth – The Company currently operates a full first shift and a minimal second shift. By increasing the staff on a second shift, lead times would be reduced, allowing for more work opportunities to further increase sales. 

2024 Revenue:  $4,900,000 

2024 EBITDA: $350,000 

 

INVESTMENT HIGHLIGHTS

Recognized Excellence – The Company is widely known for its quality products and accurate lead times. It manufactures its products to all publicly available standards, with expertise in energy & proprietary applications. The Company is one of only two manufacturers in the United States licensed by an energy industry association to manufacture master products. Due to this & the broad base of industries they serve, their backlog remains consistently high. 

Quality Facilities – The Company operates from a spacious manufacturing facility equipped with technologically advanced production machinery on a large site with room for expansion. 

 

 

Contact us for more information!

NuVescor Group

(616) 379-4047 Ext: 106