Jan 8, 2020 — (*Note: Profit number listed here is a 2019 net income estimate)
After nearly 30 years of building a foundation of trust across several industries, this embedded electronic systems design company is winning contracts at a record pace with some of the most prominent defense companies in the world. With a work backlog exceeding annual revenue, this is a truly exciting opportunity for a new owner with the industry experience needed to manage the company during substantial growth.
It's important to distinguish that this company is not predominantly an electronic assembly company. Highly skilled in-house engineers design, prototype, test, and manufacture custom electronic and software systems, primarily for mission and safety-critical military and aerospace applications. The company's capabilities include project management, circuit design, software design & development, printed circuit board design, mechanical design, fabrication, prototyping, testing and low-mid volume manufacturing. In addition, they can assist with the development of system specifications and qualification testing.
Client contracts are typically 12-18 months long, ranging from five-figure contracts (small projects) to seven-figure contracts (large projects).
Because the company has been awarded a few major multi-year contracts (one of which is with the largest defense contractor in the world), they are currently experiencing a backlog of over $4M, with an additional $2.5M contract expected to close within the next 60 days. As a result, for the first time in their nearly 30-year history, the company is having to turn away work.
The seller is wanting to sell at this time because he believes the multi-year backlog will provide an optimal, lower-risk transition period for a new owner.
The seller believes a new owner would be able to grow the company beyond its current trajectory by adding a business development resource, an additional project manager and additional engineers to increase capacity within the existing business systems framework and processes.
For more information about this opportunity, including financials, a video Q&A with the owner, SWOT analysis and more, please visit the broker's website to sign an electronic NDA and unlock the private information.