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May 22, 2019 — Well established structural Steel manufacturer combined with a specialty in custom Stainless and aluminum manufacturing. The business is well established for over 10 years and have an excellent reputation for delivering high quality and on time. Their custom manufacturing projects for stainless steel and aluminum includes in house Flow Water Jet and Plasma cutting. The company is located east of Toronto and is housed in a 2 year old facility custom designed for their business with available space for growth.
The business has approximately 38 Employees which varies seasonally. They have in house design and drafting services. Sales average $7 to $ 9 million with approximately $1.1 million of normalized EBITDA.
Selling price in the range of $ 6 million with a possible Vendor Take Back loan of 20% for the right buyer. The sale does not include real estate. Seller will provide a long term lease at reasonable rates.