WEST MICHIGAN MACHINE SHOP

West Michigan Machine Shop

This Company is a full-service, high-quality machine shop that builds a diverse range of precision machined parts. With expertise in CNC milling and lathing, the Company primarily works in the machine building, railroad, and industrial equipment industries, supplying OEM and secondary suppliers. Established in 1965, the Company has a history of years of consistent profitability, and positive cash flow as the owners built the business through an emphasis on quality work and close customer support. The Company also has a small welding department and supplies fabricated assemblies as well. This Company is ready to resume its growth under a new owner who provides machining leadership expertise and brings capital to invest in expanded production capabilities. The business was purchased from the company’s founder in 2002, and the current owner would like to retire.

GROWTH OPPORTUNITIES

Sales Investment to Utilize Capacity – The Company has sufficient space to more than double current
production. An investment in additional capital equipment, along with increasing support staff in product
estimating and sales could build on the Company’s reputation and boost sales to match the Company’s
production capabilities.

Expanded Product Line – A capital investment in new equipment to produce large parts could expand sales
with complementary product to add sales volume with new and existing customers.

INVESTMENT HIGHLIGHTS

Strong Reputation and Customer Relationships – Expertise and efficiency with attractive price points have developed long-term relationships with the Company’s larger customers, and have also led to referrals for new business opportunities.

Quality Staffing –
The Company’s top manager and its employees have extensive experience in the industry. Production staff is very experienced, with most of the workforce being with the company in excess of 15 years.

Expertise in Production
– As it has grown, the Company has focused on applying newer top-quality, wellmaintained equipment.

Make-to-order Specialty
– The Company’s focus on serving customers needing custom parts in small quantities sets it apart.

3-Year Average Revenue: $ 1,400,000
3-Year Average Adjusted EBITDA: $ 150,000

BRANDED PRODUCT MANUFACTURER OF SPECIALTY TOOLS

Branded Product Manufacturer of Specialty Tools

This Company manufacturers a specific type of tool and sells it under its own trade name mostly online across the United States, wholesale and retail. The Company represents a successful blending of the old and new. Its well-recognized brand name dates back to the Company’s founding more than a hundred years ago, yet sales today are mainly through the most modern method – e-commerce. About 75% of sales come through Amazon and Big Box hardware and home improvement stores while 25% are direct sales to individuals, distributors, companies, government and schools. In addition to its longevity in the market, the Company distinguishes itself through customer service, quality and competitive pricing. The Company formerly manufactured its own products domestically, but now outsources that manufacturing overseas while still retaining ownership of its patterns. It maintains some 100 active customers, some of whom have been with the Company for decades. The current owners are looking to retire and are willing to assist new owners through a reasonable transition period, with the length and compensation to be negotiated. 

GROWTH OPPORTUNITIES

Expanded footprint – Sales territory, by choice, is currently limited to the United States. Business could go worldwide with new owners. 

Boosting revenue – Sales have risen steadily and could be increased further by expanding distribution territory, all leveraged with existing personnel. 

INVESTMENT HIGHLIGHTS

Strong reputation – The Company has built solid brand identification and loyal customer base over more than 100 years. 

E-commerce presence – Products are available through websites of the largest sellers of tools and hardware in the U.S. 

Supplier relationships – The Company has multiple suppliers in China and Taiwan, with one relationship dating back 20 years. 

Competitive pricing – Prices are maintained on the lower end of its market niche without sacrificing quality. 

 2020 Revenue:  $6,800,000  
2020 EBITDA: $1,500,000

EBITDA %: 22.58%
Industry Avg EBITDA %: 9.74%

MIDWEST-BASED PLASTIC INJECTION MOLDER

Midwest-Based Plastic Injection Molder

This Midwest-based custom injection-molding company manufactures plastic components for longtime, repeat customers in a diverse variety of industries, including the military. Its consistent investment in cutting edge manufacturing technology, exceptional focus on quality, ability to manufacture to tight tolerances and dedicated workforce have allowed it to attract a loyal customer base with virtually no sales effort beyond word of mouth. In addition to injection molding, it provides engineering assistance, insert molding and assembly. The Company has capacity for growth, which could be enabled by a greater focus on sales and marketing. Its long-term government contracts, IATF certification and record of customer retention – some for more than 15 years — make it an excellent investment opportunity.

GROWTH OPPORTUNITIES

Quality Achievements — Ability to manufacture to extra-tight tolerances, unwavering commitment to prevent manufacturing errors and detailed quality assurance process allow the Company to retain customers with highest quality standards.

Technology — Company has long invested in new technology, including robotics, which has enabled it to
maintain a lean operation with high efficiency and precision.

INVESTMENT HIGHLIGHTS

Increased Focus on Sales — Current sales/marketing strategy is limited to following up on referrals and providing current customer needs. A dedicated sales team, representing the Company in the field, is a clear opportunity for growth.

Capacity for Growth — Company has dedicated employees, room for growth and top-notch equipment but currently operates at less than full capacity.

Underutilized Specialties — Company could win new business by better promoting its CNC capabilities and other value-added opportunities

New Products — Several potential new products are currently under development to join the multiple products the Company already manufactures.

3-Year Average Revenue:         $3,500,000  

3-Year Average EBITDA:           $190,000                       

NORTON SHORES PLASTICS MANUFACTURER ACQUIRED BY GRAND HAVEN PLASTICS FIRM

NORTON SHORES PLASTICS MANUFACTURER ACQUIRED BY GRAND HAVEN PLASTICS FIRM

GRAND RAPIDS, Mich. – April 15, 2021 – NuVescor Group is pleased to announce the successful sale of Seabrook Plastics, Inc., to Molding Solutions, Inc.

Seabrook Plastics, operating in Norton Shores, Mich., is a custom injection-molding company that manufactures plastic components for longtime, repeat customers in industries including automotive, military and beverage.

Molding Solutions, based in Grand Haven, Mich., offers plastic injection molding, product development, engineering, assembly, tooling management and development, and product development assistance.

Founded in 1994, Seabrook Plastics has operated at its current location, 1869 Lindberg Drive, Norton Shores, for its entire 27-year history. The Company’s consistent investment in cutting-edge manufacturing technology, exceptional focus on quality, ability to manufacture to tight tolerances and dedicated workforce have allowed it to attract a loyal customer base. In addition to injection molding, it provides engineering assistance, insert molding and assembly.

Among its many manufacturing technology investments are advanced central drying and material conveying systems – features not normally seen in a shop of its size. The systems work together to ensure raw materials are processed and distributed directly to individual machines. A custom piping network transports materials from the drying system to the shop floor, ready to use. This technical process reduces waste, eliminates costly downtime, and lowers overall process costs.

The Company utilizes a scientific molding process that allows it to manufacture parts with extremely tight tolerances. Such capabilities are key to serving industries like the military. Its quality record and IATF 16949 certification have been achieved through rigorous employee training and certification, real-time internal process performance monitoring, complete lot traceability, and the use of automated vision inspection and testing systems.

Molding Solutions, with operations at 1734 Airpark Drive, Grand Haven, is known for its flexibility, quick response and direct approach to projects and support. The Company, which is ISO 9001:2015 certified, utilizes both electric and hydraulic horizontal presses as well as vertical and rotary platen presses for custom molding and insert molding.

Seabrook Plastics was assisted in the transaction by NuVescor Group.

About Seabrook Plastics, Inc.

Seabrook Plastics, operating in Norton Shores, Mich., is a custom injection-molding company that manufactures plastic components for longtime, repeat customers in industries including automotive, military and beverage. The Company, founded in 1994, is known or its consistent investment in cutting-edge manufacturing technology, exceptional focus on quality, ability to manufacture to tight tolerances and dedicated workforce.

About Molding Solutions, Inc.

Molding Solutions, based in Grand Haven, Mich., offers plastic injection molding, product development, engineering, assembly, tooling management and development, and product development assistance.

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.

JENISON, MICH., DIE CUT MATERIALS FIRM ACQUIRED BY ROCKFORD, ILL., COMPANY

Jenison, Mich., die cut materials firm acquired by Rockford, Ill., company

GRAND RAPIDS, Mich. – March 19, 2021 – NuVescor Group is pleased to announce the successful sale of Dienetics, Inc., to Excelsior, Inc.

Dienetics provides engineered die cut materials tailored to meet its customers’ applications in many industries including automotive, appliance, medical and office furniture.

Excelsior is a manufacturer of custom gaskets, washers, seals, insulators, packings, shims, protective covers, and other precision parts from both synthetic materials and thin gauge metals.

Dienetics, located at 2206 Pine Ridge Drive, Jenison, Mich., was founded in 1955. The Company’s expertise in both die cutting and die making services means it can provide its customers with rapid prototyping, design resolution, accelerated production and reduced time to market. From project conception to delivery of engineered parts, Dienetics’ capabilities go far beyond engineering, including services such as sorting, packaging, light assembly and hot-melt gluing. The Company can work with materials including foams, fibers, plastics, adhesives, board and fabrics.

Dienetics’ operations consist of about 10% die making and 90% die cutting, mostly for the auto industry. In the automotive realm, Dienetics is a Tier 1 and Tier 2 supplier of steel rule die cut foams, fibers, paperboard and plastics used in applications such as sound-deadening and reinforcement materials for vehicle headliners, visors, doors, engine compartments and trunks.

Excelsior, located at 4982 27th Avenue, Rockford, Ill., has been operating since 1916. Over its 105-year history, it has developed the sophistication required to deal with large international OEM manufacturers while retaining the scale and personal service valued by companies of all sizes.  Whether it is a standard part for a household consumer product or proprietary piece for an aerospace company, Excelsior designs, prototypes, and manufactures parts that meet its customers’ exact specifications.

Dienetics 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.

 

About Dienetics, Inc.

Dienetics provides engineered die cut materials tailored to meet its customers’ applications in many industries including automotive, appliance, medical and office furniture. The Company’s expertise in both die cutting and die making services means it can provide its customers with rapid prototyping, design resolution, accelerated production and reduced time to market.

About Excelsior, Inc.

Excelsior is a manufacturer of custom gaskets, washers, seals, insulators, packings, shims, protective covers, and other precision parts from both synthetic materials and thin gauge metals. It works with a wide range of materials, including rubber, plastics, cork, insulating material, felt, foam, sponge, and non-asbestos compressed material.

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.

WEST MICHIGAN DIE CUT MATERIALS FIRM ACQUIRED BY ILLINOIS COMPANY

West Michigan Die Cut Materials Firm Acquired by Illinois Company

GRAND RAPIDS, Mich. – March 19, 2021 – NuVescor Group is pleased to announce the successful sale of a West Michigan die cut materials firm to an Illinois company which provides similar products.

The West Michigan firm provides engineered die cut materials tailored to meet its customers’ applications in many industries including automotive, appliance, medical and office furniture. In the automotive realm, the Company is a Tier 1 and Tier 2 supplier of steel rule die cut foams, fibers, paperboard and plastics used in applications such as sound-deadening and reinforcement materials for vehicle headliners, visors, doors, engine compartments and trunks.

The Illinois company is a manufacturer of custom gaskets, washers, seals, insulators, packings, shims, protective covers, and other precision parts from both synthetic materials and thin gauge metals. It works with a wide range of materials, including rubber, plastics, cork, insulating material, felt, foam, sponge, and non-asbestos compressed material.

 

About NuVescor Group

NuVescor Group, based in West Michigan, is a distinguished mergers & acquisitions service provider 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.