$7.5M Rev $2.2M EBITDA Food Process Machine Manu.

The shareholders of RUBY, a branded food processing equipment manufacturer, seek a new owner. The Company manufactures and leases highly automated equipment for several niche food processing applications. RUBY assembles its products in-house and leases them to national and international food processors for their respective niches. RUBY adds about 10-30 net new machines to its rental fleet annually and will have over 530 machines by the end of the year. The intrinsic value of these machines, which are fully paid for, is substantial (±$22M).

The Company enjoys in-house design/engineering capabilities and holds several patents. RUBY currently employs 15. It also uses agents or contractors in different parts of the world to support their sales and service.

This business has been owned by a large and diversified family office for more than 60 years. With current shareholders in their 60’s and 70’s, they realize it’s time to let RUBY find a good home. As such, they seek a full exit. The family's objective is to maximize the sales price through the sale to a financial or strategic buyer.

Broker believes the ideal buyer is either:

1. A strategic buyer who can incorporate RUBY’s equipment manufacturing, parts and service business into their own portfolio of niche food processing equipment. Such a strategic buyer will enjoy RUBY’s long-term customer relationships and leasing model which drive consistent recurring and predictable base revenues.

2. A financial buyer with experience in the food & beverage equipment manufacturing industry and use RUBY as a mini buy-and-build platform for a diverse food processing equipment operation.