Metal
Fabrication Company Seeks Buyer
Acquisition Opportunity
– West
The
Company’s primary customers are commercial building contractors in the growing
region of the country. To maintain and grow these business-to-business
relationships, the Company delivers attentive customer service that built a
reputation for reliability. As a result
of these deep relationships, the Company is the “go to” fabricator for a
growing group of commercial contractors.
The
Company stresses both customer service and a “family” work environment. Consequently, their employees have remained
loyal and productive. This loyalty
starts with management’s attention to building the professional skills of each
of its 18 employees. The result of this
focus is a work force that performs with quality habits. Current key personnel include a bidder,
foremen in the paint shop, front shop and back shop, in addition to a project
manager who can run multiple projects.
The Company also has an in-house AISC Certified Inspector (American
Institute of Steel Construction). While business is concentrated in a single
state, they have completed projects in 8 other states in their region and
beyond.
Growth
will be driven by expanding relationships with current customers and developing
new contractor relationships. As growth continues, pricing and fabrication
efficiencies will also be realized through scaling the business, while
additional efficiencies via automation will improve speed, quality and profit
margins.
The
Seller owner seeks to sell 100% of the business in an asset transaction to
pursue other personal and business interests. The Seller is willing to remain
with the company for a certain period to assist in the transition and training
of the new owners. The Sellers are
willing to remain with the company as an owner, employee, contractor, or some
combination if desired by the buyer. Others in the management are willing to
stay as employees or through transition.
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Financial
Summary
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2020 Est by Seller
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2019
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2018
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Gross Revenue
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$8 M*
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$12.5 M
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$8 M
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Adjusted EBITDA
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$900 K*
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$2.9 M
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$935 K
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* Seller financials depend on full re-opening of
building permit offices as significant projects are available.
Prior to virus
shutdowns, seller expected 2020 revenues to increase over 2019.
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Other Highlights
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Location
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Financials
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Management Team in Place
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Years in Business
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SIC
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West
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Compiled
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Yes
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5+
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1791, 1799, 3441, 3444
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Direct inquiries to:
Gottesman Company
Refer to: S-2924-2 JPN
US Office: 718-618-5346
E-mail: dmj@gottesman-company.com