Buyer that has been on this opportunity was not able to get funded, so after 6 months, this incredible business is back on the market!
This is a New England based broadcast custom antenna, microwave, and RF technology manufacturer and distributor/OEM.
The FCC is instituting a new numbering system with the Spectrum Repack Project. Channels are being reassigned for television and wireless communications.
The seller is in an immediate need for a strategic or capital buyer who can handle extremely high growth (anywhere from 35M up to 50M over the next 48 months)
The FCC just bid off 215 billion in an auction for channel reassignments and this money will be funneled to television stations to get new antennas and change out marketing information for the new channels.
Every channel will need to have new digital broadcast antennas that are unique, and this company is one of a few in the nation who manufacturers them (up to 1300 new antennas).
A buyer will want to keep the engineers/current owners on board at minimum, during this time frame.
The owners are wanting to sell solely because they know their limitations in being able to handle this kind of growth. They would like a strategic, capital, or PEG/executive buyer who knows how to handle the management/admin/financing piece, along with national and international sales.
Update - The Spectrum Repack project has recently been released by the FCC so now is the time to capture the market!
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
- Real Estate:
Leased 10,000 sq ft manufacturing facility
Very few competitors, but a huge amount of upcoming business getting ready to flood the market with the Spectrum Repack program through the FCC. It is expected that over $215M will hit the antenna manufacturing market in the next 48 months and there are only a handful of viable OEMs and manufacturers to handle the influx of business.
Growth & Expansion:
It is expected that with the new FCC broadcasting changes, that this location alone should receive over $35 million in revenues over a 48 month period (about 15% of the market total). This is in addition to upcoming government contracts of potentially 11M.
With injecting capital for marketing programs and adding sales support staff, there is an opportunity to do up to 100 million over the next 5 years!
About the Sale
- Reason For Selling:
Need a strategic or capital buyer to help manage the high growth
A buyer will want to keep the engineer/owners on for a considerable amount of time due to the significant upcoming FCC changes and requirements. They are willing to stay many years.
- Seller Financing:
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