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Oct 10, 2019 — The company is a custom designer and manufacturer of automated machinery. It has built thousands of machines over its 26 years in business. The company implements the latest designs and technology in its products. It uses a highly-trained technical team and has worked on projects for a wide range of Fortune 500 clients.
•Revenues have grown at a compound annual growth rate of 16.1% from 2015 to 2018
•$4.6M in secured projects as of March, 2019
•Seasoned team with extensive robotics integration experience throughout 26 years of operation
•Complete design, build, and installation of full production lines for automotive and other markets that are in excess of $3M
•All engineering, panel build, and assembly performed in-house
•Project size can range anywhere from less than $10K to over $3M
•Certified robot integrator for multiple robot brands
•Hire additional sales representatives to generate new capital projects
•Bolster advertising in order to capture greater market share
•Expand geographical footprint
•Continue to pursue projects in the $2M+ range
•The company serves a dozen various markets across the United States. Additionally, the company supplies machinery to Mexico (15%) for aerospace, automotive, and capacitor markets.
•The company operates from a facility totaling 48,000 sq. ft. Approximately 32,000 sq. ft. is affiliate owned and the remaining is leased from an unrelated third party. Management is open to negotiating different real estate options.
•The company is owned by two shareholders, one of which is not active in the business. The active owner believes the company is in a position where new ownership can take advantage of the growth opportunities in the industry. The active owner is willing to stay on for a transition period to help grow the business.
Financials below are as of June 30, 2019