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6 days ago — 14 years of recycling gives this South Florida scrap metal business an impressive trading record, a substantial amount of goodwill, and all the “Big Boys Toys” you’ll ever need are included in the sale. The owner managed to finance the company’s growth entirely from cash flow. In 2018 the company purchased major equipment (2018 THOR 2121 Shredder, 2018 Sierra SLK 715 Shear/Baler and more…) not utilized yet.
The company purchases a variety of scrap metals from individual and commercial accounts, sorting and processing the metals into specification grade commodities and resells them as valuable feedstock material to industrial partners.
Due to health reasons the seller has decided to retire. The Company operates in an industry estimated to approximate $39.4bn.
The motivation for a sale is both to generate liquidity for the company’s shareholders as well as to better align the company with an organization that will enable it to reach the next level of success.
Type of Transaction Asset Purchase and Sale or Stock Based on an Enterprise Value
The Company operates out of one owned and two leased facilities.
Included in Sale Names, Goodwill, Contracts, All Equipment (+/- 10 Million-dollar), Other Fixed Assets, Inventories, Transition Period, Agreement Not to Compete. Please refer to listing 0101313426 when inquiring about this listing.