Precision CNC Machining Company - Sold
The company was founded over 40 years ago and continues to grow due to a remarkable group of employees, customers, and outstanding 3-5 axis milling and turning equipment to work with.
The company serves a variety of industries including oil & gas, aviation, defense, aerospace, medical, commercial, heavy truck, automotive, and entertainment. The company specializes in running both low volume, high margin products, and custom designed products such as prototypes, jigs, fixtures, replacement machine parts, and the design/build of special tooling, machinery, and assembly aids.
The company boasts 40 highly skilled, and dedicated employees functioning as machinists, engineers, designers, quality, and sales personnel, all working a single shift operation. Over the years, the company has weathered many challenging business cycles, all the while continuing to prosper due to regular investments in both modern equipment and staff development. This has resulted in a very productive, mature, and valuable staff, with very little employee turn-over.
In 2020 the company was able to take advantage of its vast resources and produce a record number of assemblies primarily from in-house machined parts. These assemblies were critically needed for the medical industry and were produced in record time which resulted in a win-win for the company, customer, and end user. In 2020, the business impressively recorded $2.5 million of EBITDA on revenues of $9.8 million. In 2018 and 2019, which were more typical years, the company recorded $6.0 million revenue and approximately $1.0 million of EBITDA in each year.
The company has vendor codes for its major customers which is required for most automotive, aviation, commercial, and defense work. The company is ISO 9001–2015 and AS9100D certified.
Located in a 50,000 square foot air-conditioned facility in Southern Michigan, the real estate (with an estimated $2.8 million value) may be leased or purchased.
The owner/founder is ready to retire and is willing to stay with the company post-sale in order to facilitate a seamless transition.
Financials (USD)
Asking Price $4,600,000
Cash Flow $2,500,000
Sales $9,800,000
Deal Terms
Represented by broker? Yes
Buyer Fee? No
Seller Financing? Available On Request
Willing to co-broke? No
Principals only? No
Franchise? No
Management will stay? Yes
Relocatable? Available On Request
Real Estate? Available On Request
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