Leading Accessible Shower Manufacturing Company

The Company is a high-quality manufacturer of fiberglass tubs and showers, specializing in a wide range of products, including shower bases, multi-piece showers, and tubs. The Company is renowned for its expertise in ADA-compliant and accessible showers, which are essential for senior living centers, memory care facilities, independent living, student housing, military projects, and affordable housing governed by FHA regulations.

Location: Western U.S.

Key Aspects:
• The Company's revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 37.0% and 44.7%, respectively, from 2021 to 2023, reflecting strong financial performance.
• Management notes a significant portion of revenue is derived from repeat clients, which accounted for 80% of the Company's revenue in 2023.
• The Company's bottom plate creates market differentiation with its proprietary design and fiberglass composite construction, delivering unmatched durability and a secure foundation.
• In mid-2024, the Company enhanced operational capacity and efficiency by constructing an additional facility, enabling more profitable production at current and increased levels.
• The Company is actively expanding its sales reach and capacity by partnering with sales rep groups, rapidly expanding geography and market share.

Real Estate:
The Company operates from a newly expanded, 24,600- square-foot facility, with three acres of storage capacity. The facility is leased from an unrelated third party, and management has indicated that the lease is assumable.

Current Markets:
The Company serves a diverse range of markets, with expertise in ADA-compliant and accessible showers for senior living centers, memory care facilities, independent living communities, student housing, and military projects throughout the United States. In addition to these specialized sectors, the Company also supports affordable housing developments governed by FHA regulations and residential, including single-family homes.

Shareholder Objectives:
The Company is owned by four partners, two of whom are actively involved in operations, while two partners remain inactive in the Company's operations. Ownership is seeking a strategic partner to support and capitalize on future growth.