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Industrial Equipment Manufacturer & Distributor

2018 FYE  Revenue:  $10.8M          Central IA            Recast EBITDA: $1,020,000

 

 $7,000,000 sale price

History

This is a well-established family-owned business since 1969.  It boasts an outstanding reputation for quality and its brand name is nationally known.  It is sought by major customers due to its ability to provide specialty value-added products, on-time delivery and high quality service.

The Company began by providing a specialized service, covering most of the Upper Midwest.  It quickly expanded into distribution of the products it serviced.  In 1976 the Company identified a market need and began manufacturing a patented product, pioneering a new market niche.  The Company continues to upgrade this product and develop more products for its market.

A well-trained, long-term core employee group is critical to the continued quality of manufacturing and customer service. The Company has developed its team to the point that the Company has operated for extended periods without the owner’s presence.  Customer service is a key component of the Company’s success and the Sales group understands its customers and is creative in meeting needs.

Training

Management has long-term experience and it is anticipated that they would want to stay with the company post-sale.  The owner is willing to stay on for a period to provide training required for a smooth transition to new ownership and potentially longer if desired.

Opportunities:

Potential improvement to the Business as identified by the Seller could be as follows:

Income Statements

For additional information please contact Maurie Cashman at 319-377-1143 or cashman@aspengroveinvestments.com