The business is an established value-added distributor and manufacturer of industrial hoses and fittings for a variety of sectors and markets in Texas. The business also provides hose assembly and packaging, product testing, wholesale sales to hose and fitting retailers, and prototyping and distribution services for vendors.
· Long-standing industry reputation operating for over 40 years
· Loyal customer base with active contracts established over 20 years ago
· Business meets ISO 9001:2015, API 7K, and Q1 quality standards for both manufacturing and testing
· Full manufacturing, assembly, testing, and distribution capabilities which create faster lead times
· Pursue new manufacturing contracts to take advantage of increased demand in pharmaceutical, automotive, and other industries that are expected to grow
· Obtain overseas contracts to take advantage of demand growth in developing nations
· Fully integrate business’ supply chain to create a one-stop manufacturer, assembler, vendor, and distributor
· Begin offering Mobil truck services for in-field replacement of hoses to reach a less competitive market
· Expand the business’ sales team and new development contracts to enhance business development
· Houston, Texas
· The business, acting as both a manufacturer and a distributor, primarily serves the energy, civil, military, and hose and fittings retail markets throughout the southern United States
· The business operates from a 30,000 square-foot facility on 3.05 owned by an affiliated entity. There is room to grow in the current location which management estimates is roughly 75% occupied. The operating facility is negotiable for lease as part of a transaction.
· The sole owner is seeking to retire after a reasonable transition period to new ownership. He is open to various deal structures to facilitate a transaction.
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