New England – Precision Machined Component Manufacturer

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Over 200 Major Machine Tools & Work Cells With New Aerospace & Medical Contracts
Asking Price:
 Not Disclosed

Gross Revenue:
$4,032,424
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$629,686
not included in asking price

FF&E:
$1,500,000
included in asking price

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Business Description

Our client is a New England based Precision Component Manufacturer serving as a Tier I and Tier II supplier to Medical, Aerospace, and high-end Commercial OEMs. With both AS9100: D & BS EN and ISO: 9001:2015 certifications the Company has impeccable systems and reporting. The Company has massive production capability with over 200 machines and work cells. Capabilities include swiss style precision manufacturing, up to 4-axis CNC turning and milling, precision grinding, stamping, EDM, CAM operated machining and more. Customers are long term and most work is repeat in nature. However, the Company is poised for substantial growth having landed new contracts with major aerospace manufacturers. The company competes on precision and tolerance capability more than price. Customers seek them out because of their reputation in these areas.

About the Business

Location:
Fairfield County, Connecticut
Year Established:
1940
Number of Employees:
33
Real Estate:
Leased
Building Sq. Ft.:
40,000
Rent:
$19,250.00 Per Month
Facilities:
The Company operates out of a fully air conditioned 40,000+/- square-foot facility in a modern industrial park. The Company has a good relationship with the landlord. Their current rent is $19,250 per month and their lease is renewable.
Website:
acceleratedmfgbrokers.com/manufacturing-business-listings/electronic-con
Market Outlook/
Competition:
The Company has a proven track record of customer trust and retention spanning more than 75 years. Customers come to them not for the cheapest price, but when absolute precision is required. Customers remain because they find in the Company a true manufacturing partner with impeccable customer service and problem-solving ability. They’ve got systems and equipment in place to easily double in size without need for additional capital expenditure. The sheer amount and diversity of equipment and tribal knowledge they have, together with longtime customer relationships, creates a barrier to entry for any company seeking to play at the same level in their existing markets. A new owner can immediately begin working on business development, confident that infrastructure is in place to handle growth.
Growth & Expansion:
Global revenue for makers of medical equipment and supplies is about $350 billion. The US medical equipment and supplies manufacturing industry includes about 10,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $92 billion. Revenue (in current dollars) for US medical instruments and supplies is forecast to grow at an annual compounded rate of 4% between 2019 and 2023, based on changes in physical volume and unit prices. The US machine shop industry includes about 19,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $36 billion. US manufacturing technology orders, a demand indicator for machine shops, are expected to see an increase of between 5% and 10% in 2019, according to the Association for Manufacturing Technology. Recent gains in manufacturing technology orders have been driven by demand from the aerospace, engines and turbines, and metal forging and stamping industries. Overall, orders increased 19% in 2018 compared to 2017. The Company is well positioned for growth with longtime customers in the medical, aerospace and high-end commercial sectors.
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About the Sale

Reason For Selling:
Retirement of one of the shareholders
Training/Support:
Sellers will provide training and transition, with one partner willing to remain longer.
Seller Financing:
Partial financing available to qualified buyers

Listing Info

ID:
1639217
Ad Detail Views:
0

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Business Listed by

Frances Brunelle

Accelerated Manufacturing Brokers, Inc.

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