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The company is a full-service machine shop supporting industrial, field (turn around) maintenance, as well as in-situ machining and repair. It specializes in the repair of valves, rotating equipment, compressors, gear boxes, and power generation support.
• Gross profit and adjusted EBITDA margins have averaged 61.8% and 41.6% from 2017 to 2020, respectively
• Adjusted EBITDA grew at a CAGR of 10.4% from 2017 to 2020
• Contracts in place with its top customers
• Revenue breakdown: 87% repair work and 13% manufacturing
• Top supplier relationships average over eight years
• Strong geographic location near top customers
• Owns a large fleet of machinery and equipment
• Specializes in outages, with an established reputation as a reliable solution for critical time-dependent jobs
• Website is Search Engine Optimized (SEO)
• Expand into millwright services; it is currently offered as a complimentary service
• Expand geographic footprint
• Develop a sales team to capture untapped market share
• Capitalize on the recent shift in the industry; customers are starting to outsource internal maintenance needs
• Implement a comprehensive marketing strategy in order to capture a greater market share
• Mid-Atlantic US
• The company provides its services to the industrial, manufacturing, chemical, and power generation industries throughout the United States.
• The company is owned by two shareholders. The owners are proud of the company they have built and believe the business is in a position where new ownership can take advantage of growth opportunities in the industry and take the company to the next level. They are willing to remain with the company for a period of time to ensure a smooth transfer of ownership.
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