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

Michigan PLASTIC INJECTION MOLD MAKER

Michigan Plastic Injection Mold

Maker:

NVC2258

 

Situated in a thriving, highly industrialized region of Michigan, this company specializes in the design, engineering, manufacturing, repair, and servicing of precision plastic injection molds for the automotive, medical, electrical, and consumer goods industries. With a long-established reputation, the company also serves as a global tooling provider, collaborating with carefully vetted mold makers across the U.S. and internationally. 

Its in-house team of skilled professionals leverages state-of-the-art equipment to ensure exceptional accuracy, productivity, and automation, maximizing efficiency while delivering superior results. By combining expertise and cutting-edge technology, the company produces injection molds that serve as industry benchmarks. Committed to quality craftsmanship and reliable service, the company has fostered lasting relationships with a loyal customer base. 

GROWTH OPPORTUNITIES

Room to grow The company’s facility is operating at approximately half its capacity, presenting a significant opportunity for increased production. A skilled workforce is readily available in the area to meet growing demand. 

More aggressive marketing Customer outreach has been limited, presenting an opportunity to expand the client base through enhanced digital marketing and targeted efforts in the aerospace industry.  

INVESTMENT HIGHLIGHTS

Tooling expertiseBacked by 32 years of industry expertise, the company specializes in solving complex challenges and delivering innovative solutions for its customers. 

Extensive capabilities and technologyThe state-of-the-art facility distinguishes itself with advanced 3-, 4-, and 5-axis CNC machining. 

Quick turnaroundCustomers requiring rapid tooling solutions can depend on the company’s swift and reliable service.  

Offshore relationshipsThe company has developed and utilizes long-term relationships with trusted tooling suppliers outside the U.S. offering hybrid or full off-shore solutions.  

2024 Revenue: $2,700,000 

2024 EBITDA: $460,000 

Contact us for more information!

 NuVescor Group

(616) 379-4047 Ext: 106

NuVescor Advises Control Dynamics In Acquisition By Verona Industrial Controls

NuVescor Advises Control Dynamics In Acquisition By Verona Industrial Controls​

NuVescor Group is pleased to announce the successful sale of Control Dynamics, Inc., to Verona Industrial Controls

Control Dynamics (CDI), based in Hudsonville, MI, was founded in 1985 as the controls and integration division of Electro-Techniques, Inc., an industrial electrical contracting firm, and incorporated as a separate entity in 1998. The business provides inclusive turn-key controls integration and specializes in designing and developing software and electrical controls for Manufacturing Data Systems, Process Control Systems, and Material Handling Systems, along with the capability of electrical panel assembly, programing, and hardware design. Additionally, CDI has successfully developed and marketed the trademarked Labelwright® labeling system for the food, beverage, and other industries.

Verona Industrial Controls (VIC) is a new entity created by the ownership of Verona Industrial Equipment, LLC (VIE). Founded in 1932, Verona Industrial Equipment is one of the largest independent motor and drive distributors in the United States. VIE carries a $2M inventory of motors and controls in warehouses in Howell and Kalamazoo, Michigan. VIC will operate the new company under the DBA Control Dynamics Integrators (CDI).

As the technology of “soft” starting and speed control of electric motors has grown due to energy saving requirements, CDI saw the opportunity to add electrical controls design and build as value added products and services.

One of the primary goals VIC had for a new acquisition was for the company to be self-managing. VIC recognized CDI as a self-managing, profitable company with an excellent existing management team.

“I see many benefits and opportunities for the team and the company from joining together with Verona Industrial Controls!” said Dean Rockwell, former owner of Control Dynamics Inc.” The new owners are excited about the potential and, in the short time since closing this deal, they have demonstrated a full commitment to developing the new opportunities that such an alliance brings to both companies.” Rockwell will stay on as a consultant to the new company for six months.

With the addition of new sales personnel and the existing sales team, VIC will aggressively pursue new markets and offer existing clients and customers of VIC the products and services of Control Dynamics.

VIC sees future growth in acquisitions of distribution of industrial electrical controls components and hardware and possible “bolt-on” companies to CDI to expand their capabilities and capacity.

Control Dynamics Inc. was assisted in the transaction by the NuVescor Group. “In the process of evaluating many suitors, our goal was to find a firm that was established in the industrial sector, leadership who appreciated the value and capabilities of Control Dynamics, Inc., and recognized how such an acquisition could increase and expand opportunities for their already successful business,” said Rockwell. “I was not looking for the greatest net return; I wanted potential for the best outcome for my people and for the buyer.”

Randy Rua, President of NuVescor, said, “We were honored to work with Dean to find a buyer who would continue the proud legacy of Control Dynamics. The acquisition by Verona Industrial Controls was a win-win for both parties.”

View Completed Transactions 

GLOBAL NICHE CONSUMER PRODUCTS MANUFACTURER

GLOBAL NICHE CONSUMER PRODUCTS MANUFACTURER

This U.S.-based Company is a longtime leader in the manufacture, sales and distribution of luxury goods cleaning and polishing products, supplying retailers, designers, manufacturers, and retail customers domestically and globally. Its primary sales are business-to-business, but it has recently expanded to sell directly to consumers. Over many decades in business, the Company has earned thousands of loyal customers. Its products are sold in a variety of distribution channels, including some of the world’s largest retail chains, television, and ecommerce, through both private labelling and two house brands. Its successful products and operations have earned it a strong reputation and multiple accolades within its industry. The Company’s wide range of products and services and ability to produce in large quantities far exceed its competitors’ capabilities.

GROWTH OPPORTUNITIES

House brand sales – The Company has barely scratched the surface in expanding sales beyond its traditional business-to-business focus. This includes direct-to-consumer sales and opening the house brands to additional retailers.

International / U.S. expansion – The Company has some international distribution but given the lack of global producers, has significant opportunity to expand throughout South America, Europe and Asia, in addition to further growth in the U.S.

Room to grow – Its facility is currently operating at less than full capacity. The Company is capable of increasing production without additional investments in people, processes, technology or equipment.

INVESTMENT HIGHLIGHTS

 Broad range of services – The Company provides turnkey solutions to its private label clients with not only cleaning products and customized packaging, but also marketing and education to help win over consumers.

Loyal customers – The Company has earned thousands of active, long-term customers both in the U.S. and internationally.

Winning reputation – A standout in its industry, the Company has received accolades from business publications for its strong growth and quality products.

Established sales, marketing – An experienced sales team is backed by email marketing campaigns, the Company’s website and annual appearances at the world’s largest industry tradeshow in its primary channel.

High-profile partners – The Company’s products are in a wide variety of channels nationwide and globally, including large retail chains, television, specialty retailers, and e-commerce.

Innovative company – Over many decades in operation, the Company has listened to the market and
customer feedback and adapted accordingly and is widely regarded as the global category leader.

2023 Revenue: $7,500,000

2023 EBITDA: $750,000

 

Contact:

NuVescor Group

(616) 379-4047 Ext: 106