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Details

A full-service custom millwork manufacturer focused on engineering, producing, and installing custom casework and millwork fixtures for grocery, retail, healthcare, hospitality, and higher educations markets.
Key Aspects
• Revenue increased at a compound annual growth rate (CAGR) of 14.3% from 2018 to 2021 with gross profit margins averaging 23.8%
• Adjusted EBITDA grew at a CAGR of 103.2% from 2019 to 2021
• Estimated revenue from open balance of projects in 2022 is $5.0M
• Offers both basic case-goods as well as unique, custom fixtures
• Given the current operating facility and equipment capacity, the company has the means to steadily increase workload without additional capital investments
Opportunities
• Leverage the company’s website with search engine optimization (SEO) to increase digital presence
• Capitalize on the company’s strong market position on Grand Cayman and the island’s continued growth over the past few years
• Continue expansion into the healthcare, assisted living, and higher education market segments as opportunities for future projects increase
• Increase overall margins for the company by expanding the number of client-direct projects being worked on as opposed to referrals from third-parties
Headquartered
• Southeast US
Current Markets
• The company currently services the grocery, retail, healthcare, hospitality, and higher education markets throughout the United States and select international locations.
Real Estate
• The company operates from a 50,000 sq. ft. facility owned by an affiliated entity. The owners are willing to enter into a long term lease. There is room to grow in the current location.
Shareholder Objectives
• The company is owned by three shareholders with an ownership split of 40%, 40%, and 20%. Both 40% owners are looking to retire with the 20% owner willing to stay on under a consulting arrangement.

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