SOUTHEAST MICHIGAN INDUSTRIAL PLATING AND COATING COMPANY

by | Jan 24, 2024 | Active, Manufacturing

 

SOUTHEAST MICHIGAN INDUSTRIAL PLATING AND COATING COMPANY.   

 

This Southeast Michigan industrial plating and coating Company provides electrodepositions and industrial coatings to the automotive, military, furniture, and appliance industries throughout the Midwest, nationally and internationally. It stands out from competitors in its ability to process a wide variety of part sizes in small to large quantities. In its more than 40–year history, the Company has built a stable of clients that is wide, deep, and loyal. Its location in a region rich in manufacturing presents multiple opportunities for building sales with more aggressive marketing. Current facilities provide plenty of room for growth, and an experienced leadership team is on board to assist new owners. 

GROWTH OPPORTUNITIES

Untapped capacity – The Company’s facility provides plenty of room for growth, capable of potentially doubling its current revenue within the premises.

Aggressive recruiting – Lack of qualified employees, not lack of work, has been the Company’s greatest challenge to growth.

Sales and marketing – The Company has no sales team, relying primarily on its reputation, word of mouth, and its website to generate new business.

INVESTMENT HIGHLIGHTS

 

Broad capabilities – The Company can process a wide variety of part sizes in quantities ranging from small lots to large production runs.

Many loyal customers – It has built a large stable of loyal clients; its top 10 customers have been working with the Company for an average of 17 years.

Industry certification – The Company’s ISO certification allows it to serve the many customers that require that industry standard.

Supplier relationships – Its top 5 suppliers have been working with the Company for an average of 18 years.

Experienced leaders – A leadership team, already in place, has decades of experience.

 

3 Year Average Revenue: $1,880,000

3 Year Average EBITDA: $330,000

 

Contact:

NuVescor Group

(616) 379-4047 Ext: 106

Non-Disclosure Agreement

SOUTHEAST MICHIGAN FASTENER MANUFACTURER SOLD TO INVESTORS

by | Jan 10, 2024 | Completed, Fabricated Metal, Home Feature, Manufacturing, Sell Side Feature

SOUTHEAST MICHIGAN FASTENER MANUFACTURER SOLD TO INVESTORS

NuVescor Group is pleased to announce the successful sale of a Southeast Michigan fastener manufacturer.

The 90+ year old family business produces a wide range of turned products utilizing screw machines and CNC turning centers. Primary products produced are externally threaded fasteners and associated fastening products for a multitude of vehicle drivetrains. Primary markets served are in the Automotive, Off-Highway, Farm Implement, Marine Propulsion and Military vehicle markets. Customers supplied include vehicle OEM’s, Tier 1 and 2 OEM’s and fastener distributors located throughout the United States, Canada and Mexico.

The individual buyers are looking to grow and expand the business.

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ILLINOIS WIRE HARNESS MANUFACTURER ACQUIRED BY STRATEGIC BUYER

by | Dec 18, 2023 | Buy-Side, Completed, Fabricated Metal, Home Feature, Manufacturing

ILLINOIS WIRE HARNESS MANUFACTURER ACQUIRED BY STRATEGIC BUYER

NuVescor has concluded the successful sale of an Illinois based wire harness manufacturer to a strategic buyer.

Travis Ernst, NuVescor’s Managing Director said “This selling process took longer than usual but there were a lot of moving pieces in this deal. It was also a case where both the Buyer and the Seller really wanted to get it right and so we took the time they needed to make sure it worked for everyone involved.” NuVescor represented the buyer in this transaction.

The buyer is a leading manufacturer of standard and custom electronic wire, cable, power supply cords, molded cable assemblies and wiring harnesses. They saw an opportunity to add some significant capabilities to their current offerings and a way to increase their 30MM+ revenues with an accretive acquisition.

The seller saw an opportunity for greater growth opportunities and expanded offerings to their current customer base.

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ILLINOIS PLASTICS MANUFACTURER ACQUIRED BY STRATEGIC BUYER

by | Nov 1, 2023 | Completed, Home Feature, Manufacturing, Plastic Injection Molding, Sell Side Feature

ILLINOIS PLASTICS MANUFACTURER ACQUIRED BY STRATEGIC BUYER

NuVescor Group is pleased to announce the successful sale of an Illinois plastics manufacturer to an established company in the same industry.

The plastics manufacturer which has been purchased is both a contract manufacturer and custom injection-molding company that produces plastic components for longtime, repeat customers in industries including automotive and fitness. The company had revenues of $15MM in 2022.

The strategic buyer offers plastic injection molding, product development, engineering, assembly, tooling management and development, and product development assistance. The buyer saw the value in the extensive customer list as well as the equipment that would provide synergistic growth opportunities. The Company utilizes both electric and hydraulic horizontal presses as well as vertical and rotary platen presses for custom molding and insert molding.

NuVescor Group assisted in the sale of the business, bringing a buyer with a strong fit looking to grow through acquisition.

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DST CONTROLS ACQUIRED BY CKC AUTOMATION

by | Aug 11, 2023 | Completed, Home Feature, Manufacturing, Sell Side Feature

DST CONTROLS MERGES WITH CKC AUTOMATION, ACQUIRED BY DEPATIE FLUID POWER

Two California automation firms merge, DST Controls Inc. and CKC Engineering LLC, which in turn have been purchased by the Michigan-based Depatie Fluid Power Group. DST Controls, based in the San Francisco Bay Area of California, has provided a broad array of automation and industrial controls services to a diverse, global base of customers from multibillion-dollar manufacturers to entrepreneurial startups for nearly 50 years.

CKC Engineering, also with headquarters in the San Francisco Bay Area, provides innovative automated equipment solutions to a variety of clients, from small startups to large manufacturing companies, in and around Silicon Valley and the West Coast.

Depatie Fluid Power, with headquarters in the southwestern Michigan city of Portage, has served the hydraulic and pneumatic power needs of thousands of customers across western Michigan and northern Indiana for more than 60 years.

dst-ckc-deal-tombstone

GROWTH OPPORTUNITIES
Growing market – This opportunity presented a way for Depatie Fluid Power to balance its business in the fast-growing market for factory and infrastructure automation, controls and data. Combined, these companies, DST Controls and CKC Engineering offer the full suite of capabilities in automation. Strategically, they share many similarities with Depatie that will allow it to leverage engineering, business systems, sales and support across to build new ideas and create efficiency.

 

INVESTMENT HIGHLIGHTS
Future investment – The merging of DST Controls and CKC Engineering is an investment in the future and it creates a combined company that can perform in the industry. Buying the California automation firms was a natural progression as Depatie Fluid Power continues to expand beyond its traditional fluid power offerings.

Enhanced customer value – Customers of the combined Company will have a nimble and experienced partner that can support all their automation requirements. Since the acquisition, and to highlight the next chapter in their automation journey, the two companies will merge and be rebranded as CKC Automation.

Employee future – Employees of DST Controls and CKC Engineering will gain additional opportunities for personal growth through new projects, customers and technologies because the development of employee expertise is a cornerstone of the organization

Contact: NuVescor Group
(616) 379-4047

 

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MIDWEST PLASTIC PRODUCTS AND MOLD MANUFACTURER

by | Feb 17, 2023 | Completed, Manufacturing

MIDWEST PLASTIC PRODUCTS

AND MOLD MANUFACTURER

This 27-year-old Midwest Company manufactures high-quality, plastic injection-molded components and plastic injection molds for original equipment manufacturers and suppliers in a broad variety of industries. Its ability to provide product development and production under one roof has won the Company a loyal, diverse base of customers in its manufacturing-rich home state. A change in management a decade ago has brought new investment in equipment and ISO/IATF quality certifications. With an experienced staff, modern equipment, and broad plastics capabilities, the Company presents opportunities for continued growth. The owners are willing to assist buyers through a reasonable transition period but wish to sell the business to focus on their other business.

GROWTH OPPORTUNITIES
Room for Growth – The Company’s facility is operating at about 50% of capacity.

Sales Focus– A recent review of the customer base revealed sales that were not profitable. Those customers have been removed and there is capacity for much higher profitability customers, which is reflected in the 2023 Forecasted EBITDA.

INVESTMENT HIGHLIGHTS
Wide capabilities – The Company offers its customers product development and manufacturing under one roof.

Modern facility – The Company has updated its equipment by adding new electric molding machines, automation and tool room equipment.

Industry certification – With ISO & IATF certifications in place, customers can be confident that products will meet high quality standards.

Experienced, knowledgeable staff – The technical staff has expertise in design, development and production of international quality products. Its top six managers have an average tenure of more than 10 years with the Company.

2021 Revenue: $12,200,000

2021 EBITDA: $50,000

2022 Revenue: $11,200,000

2022 EBITDA: ($153,000)

Forecasted 2023 Revenue: $7,500,000

Forecasted 2023 EBITDA: $750,000

 

Contact:

 

NuVescor Group

(616) 379-4047 Ext: 106

Non-Disclosure Agreement