INDIANA-BASED ASSEMBLY AND AUTOMATION EQUIPMENT MANUFACTURER (NVC2186)

by | Jun 29, 2018 | Completed

INDIANA-BASED ASSEMBLY AND AUTOMATION EQUIPMENT MANUFACTURER
This Indiana Company designs and builds high-end automation, assembly and test systems, including robotics, primarily serving automotive manufacturers. With a focus on continually developing skilled employees and applying the latest technology, the Company has seen rapid sales growth in the past several years. A history of quality service and support has developed long-standing relationships with key customers. Moving into complete lines and advanced assembly systems has positioned the Company for continued growth opportunities for new owners. The Company has a strong management team, and its current owner is willing to remain in a transition role for several years. Current backlog as of 10/19/19 is $9,500,000.
GROWTH OPPORTUNITIES
Expanding Markets – The Company’s transition to higher level automation and assembly systems provides on-going opportunities to reach new customers outside its current core market.

Fine-Tune Company Operations – Refining processes to increase efficiency and productivity along with a stronger supply base to control costs offer the potential for improved margins as the Company expands sales.

Grow Software Services – Continual expansion of its software development operations would enable the Company to grow their market of automation and assembly systems and integration to manufacturing customers.

INVESTMENT HIGHLIGHTS
Well-Established Record of Quality – The Company has a long history of skilled work and use of cutting edge technology, an approach that has positioned it as a high-level assembly system and automation integrator. It has preferred status with leading customers.

Outstanding Culture – The Company culture empowers employees to apply individual, creative thinking, rewards success and fosters a hard-working attitude. This results in a high level of service and support that

2019 Forecast Revenue: $11,500,000
2019 Forecast EBITDA: $2,500,000

Non-Disclosure Agreement

MICHIGAN-BASED SPECIALIZED DIE COMPANY

by | Jun 14, 2018 | Completed

MICHIGAN-BASED SPECIALIZED DIE COMPANY
This Company is an industry leader in highly specialized die manufacturing. Putting to use the latest technology, the Company has developed a diverse market of manufacturers that require precision, durable dies. Expertise in production solutions and a willingness to meet manufacturers’ unique needs have generated a large customer base and excellent cash flow. As a leader in an industry trend that gives manufacturers better quality and more efficiency, this Company is well positioned for growth with an experienced workforce, excellent equipment and a modern facility. The owners are involved in day-to-day operations and have built this Company for more than three decades. They believe it is ready for continued success under new owners as they move on to the next phase of their lives.
GROWTH OPPORTUNITIES

Industry Innovation Leader – The Company’s ability to help customers develop unique manufacturing solutions has won over customers from some of the largest players in the industry.

New Market Potential – Expanded marketing efforts can reach new customers as more manufacturing sectors embrace the advanced technology supported by this Company.

Quality Equipment and Facilities – State-of-the-art equipment has been regularly updated in a modern plant that includes a recent expansion providing for an additional 50 percent production capacity.

INVESTMENT HIGHLIGHTS

Expertise in Production – The Company is known for high quality products supported by knowledgeable technical support. It has achieved top-level ISO certifications.

Highly Qualified Staffing – A well-trained, experienced workforce is led by managers committed to excellence.

Diverse Customer Base – The Company has a large, loyal customer base that is spread over multiple and diverse consumer product market sectors.

*** UNDER LOI ***

2016 Revenue: $5,900,000
2017 Projected Revenue: $6,200,000

2016 Adjusted EBITDA: $878,700
2017 Projected Adjusted EBITDA: $1,101,400

MICHIGAN-BASED LUMBER AND HOME IMPROVEMENT COMPANY

by | May 18, 2018 | Completed

MICHIGAN-BASED LUMBER AND HOME IMPROVEMENT COMPANY

Founded decades ago, our client is a full service lumber company with multiple locations. They specialize in a number of services, including engineered wood products, home design services, specialty mill-work, and post frame building packages. There are separate divisions dedicated to contractor needs and home design planning services, also a showroom providing flooring, cabinetry and counter tops.

Their customer-centric philosophy continues to fuel growth and loyalty from the large customer base, reaching Michigan, Indiana, Ohio, Illinois, and other states. This friendly and knowledgeable staff has allowed them to continue growing during the infiltration of the national “Big Box” chains

GROWTH OPPORTUNITIES

Strong Local Economy – Unemployment in the Company’s market area is among the lowest in the state, while wages continue to increase and interest rates remain near record lows. Both residential and commercial construction are projected to continue to grow. With proper investment in marketing, growth of sales should follow growth in the local economy.

INVESTMENT HIGHLIGHTS

Community Institution – This Company has been developing its brand in its home market for over half a century, emphasizing good prices and local customer service. The Company has a customer list of approximately 4,000 accounts, including a high rate of repeat customers.

Strong Workforce – The Company has approximately 100 employees with average tenure of more than 15 years, including talented key employees who have received awards for interior and home design. These employees bring a strong base of community knowledge and history with customers.

Recent History of Sales Growth – Since coming out of the recession, the Company has seen five years of steady sales growth, with sales nearly doubling from 2010 to 2015.

2016 Revenue: $46,100,000

2016 Adjusted EBITDA: $2,190,000

AUTOMATED ASSEMBLY AND TEST EQUIPMENT MANUFACTURER

by | Apr 18, 2018 | Completed

AUTOMATED ASSEMBLY AND TEST EQUIPMENT MANUFACTURER

This Michigan-based Company specializes in the development and manufacture of custom-built automated machines for assembly and test applications. Its products are used primarily in the automotive manufacturing market, although many opportunities exist for the Company to pursue customers in adjacent industries. The Company’s loyal customer base is primarily based in the United States, with significant installations in various international markets. The Company consistently generates repeat business due to long-standing customer relationships. The Company has a strong backlog for future orders. Management is projecting continued growth and increasing profitability in the future.

GROWTH OPPORTUNITIES

Industry Diversification – The Company currently has capability to expand its markets by providing additional services beyond its core business. Capability also exists to expand product offerings further into manufacturing and testing applications. This additional growth could lead to significant synergies for a strategic buyer. Geographic expansion would also yield additional sales.

INVESTMENT HIGHLIGHTS

High Quality – The quality reflected in its products is embedded in the Company’s culture and its dedicated team of employees. The Company’s expertise in producing high quality products, along with proven performance in the areas of efficiency and reliability, have earned the Company a solid reputation in the industry.

Skilled Workforce – The Company boasts a loyal, long-term workforce and is well positioned to meet the changing demands of the global marketplace.

Customized Solutions – The Company provides customized products to meet each customer’s application requirements. Its solution-oriented approach has led to a high level of repeat and referral business. The vast majority of Company work is with repeat customers.

2016 Revenue: $10,900,000

2016 Adjusted EBITDA: $1,500,000

MICHIGAN-BASED MATERIAL HANDLING EQUIPMENT MANUFACTURER

by | Mar 19, 2018 | Completed

MICHIGAN-BASED BULK MATERIAL HANDLING EQUIPMENT MANUFACTURER

This nearly 30-year-old company manufacturers material handling equipment used in many industries with customers globally. They provide smart solutions for filling, weighing, conveying, unloading, mixing, dumping, sorting, and custom applications.  Their customers include OEM’s, system integrators, process engineering firms, and many other end use customers. Superior customer service, engineering product innovations, and building smart systems for companies to operate more efficiently, has allowed the Company to increase market share. The large variety of industries, markets, and customers they currently serve provide solid growth opportunities, and they have many more areas to expand into using their excellent reputation as a foundation.

With the owner approaching retirement and prepared to sell, this Company presents an opportunity to acquire a healthy and growing Company, to operate independently or merge with a buyer’s existing equipment design and build operation.

GROWTH OPPORTUNITIES

Facility Capacity – The Company operates from a modern plant built to house this Company’s manufacturing and office operations, a plant that has space for 30 percent expansion in manufacturing and sales.

Excellent Local Economy – The Company is located in one of the Midwest’s economically healthiest regions, a region that hosts a diverse range of manufacturing markets.

Market Potential – The Company is positioned to grow through advanced design innovation to meet new customer and changing manufacturing needs as well as by expanding sales in currently underserved regions.

INVESTMENT HIGHLIGHTS

Customer Loyalty – An emphasis on service, reliability and honesty, along with deliberate, accurate manufacturing processes, has generated a strong positive reputation and high levels of customer loyalty.

Diverse Customer Base – The Company has a strong presence serving a diverse range of manufacturing market segments across the country, providing protection from economic cycles in individual industries or geographic regions.

2017 Revenue: $5,162,000

2017 Adjusted EBITDA: $477,500

 

DESIGN AND MANUFACTURER OF AUTOMATION AND CONTROL SYSTEMS (NVC2148)

by | Mar 14, 2018 | Completed

DESIGN AND MANUFACTURER OF AUTOMATION AND CONTROL SYSTEMS
This Midwest-based company specializes in taking control or automation concepts and producing completed products including software packages, electrical schematics, full parts lists and a final electrical assembly for any industrial application. The Company has a team of highly-skilled engineers who can develop custom solutions for a variety of customers in almost any industry. The founder has a team in place that allows him to step away from the day-to-day activities of the Company. The Company has benefited from low overhead and high profit margins, as well as repeat business from loyal customers. As the demand for more computer-controlled systems and automation increases, the Company is well-poised for growth. Over the years, the Company has built a strong relationship with many of its customers which can be leveraged for additional future projects.
GROWTH OPPORTUNITIES
Demand Across Industries – The industrial automation industry is seeing remarkable growth as manufacturing in the United States grows and also seeks cost-saving automated manufacturing processes in multiple industrial sectors.

Room for Growth – The current facilities are available for lease and have capacity for significant sales growth.

Expanded Marketing – The Company currently has no marketing strategy, with 100 percent of business generated through word of mouth. Outside sales efforts to current and possible new customers has the potential to double sales, particularly to businesses across North America outside the Midwest market.

INVESTMENT HIGHLIGHTS
Full-Service Approach – This Company offers multiple ways to engage with customers – working with a manufacturer, alongside a mechanical engineering company or by being an invisible partner to customer companies that need a behind-the-scenes, complete line of service.

Broad Customer Base – The Company works in multiple industrial sectors, helping it avoid manufacturing cycles and economic shifts that have hurt similar companies tied to one industry.

Transaction Closed

March 2018

3 Year Average Revenue: $4,310,000
3 Year Average Adjusted EBITDA: $1,042,000

YTD as of 8/31/17 Revenue: $3,420,000
YTD as of 8/31/17 Adjusted EBITDA: $1,124,000