Feb 14, 2019 — Founded in 1978 and purchased in 1995 by the current owners, this extremely well located and niche business provides repairs, rewind services and maintenance on electric motors, generators, and pumps. The Company also distributes and sells a variety of new and reconditioned motors and generators.
Through their commitment to excellent service, the company has experienced strong revenues, growth and earnings year over year, and has taken over as the reputable and reliable leader in their stable and growing local market, with little to no competition in the area.
The Company employs a skilled and experienced staff to ensure quality and provides unparalleled service. As a result, they enjoy large amounts of recurring business from both smaller and higher-profile customers alike. They now have very low customer concentration risk, with a high number of their relationships spanning over the past 23 years. The sellers are committed to ensuring supplier, customer and employee relationships are maintained and enhanced through a successful overall transition.