Asking Price Open Bid
Financial Information
Revenue: $15,007,000 Income: $1,177,000
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57 Y/O Engineering + Manufacturing Company Supplying Highly Engineered Equipment and Supplies to the Telecom and Utilities Infrastructure Industry

Significant Growth Opportunities, Long-Standing Reputation for Quality

The Company has a 57+ year history as a solutions-driven engineering and manufacturing company serving the Global Telecom and Utilities Infrastructure industries. As a leader in quality and safety, with a strong commitment to the environment, and an entrepreneurial approach to serving their customers, the Company has evolved from supplying a single safety solution to now manufacturing and supplying multiple categories of highly-engineered specialty equipment alongside catalog products for the North American telecommunications and utilities infrastructure industries.

In 2020, the Company generated $15MM in revenue, and $1.2MM in EBITDA, with approximately 66% of revenues coming from sales of highly-engineered vehicles and related equipment. This exciting product family includes customizable trailers and trucks for a variety of support and specialty functions. The Company’s highest growth product within this category represents the most profitable line produced to date, and has significant opportunity to drive near- and long-term growth.

The Company produces all products at its two ISO 9001 facilities, and has been using LEAN manufacturing practices since 2016, In recent years, they have made considerable investments across the organization to drive continuous quality improvement, reduce lead-times, and increase customer value. The Company supports its products and produces replacement parts at its own facilities

Significant opportunities for continued growth exist, including unmet demand, new distribution channels, new product offerings, market expansion and automation capabilities.

Purchase Considerations

  • The Company is a solutions-driven engineering and manufacturing company supplying a variety of mission-critical products and highly engineered equipment to the Global Telecom and Utilities Infrastructure industry

  • Its 57+ year history of innovation and product diversification began with a safety solution for underground utility contractors, and continues today with industry-leading mobile communications technology, vehicles, and equipment deployed across the globe.

  • Across its four primary business lines, the Company generated $15MM in annual revenue in 2020 and projects $16.1 in 2021

  • Company leadership has more than 100 years of combined industry experience. They are excited to partner with new ownership to launch the next phase of growth for this national supplies and equipment brand

The company is listed for sale with an Open Bid
Locations
stateLevel
Employees
85 Employees  
Years in Business
57
Asking Price
Open Bid
Terms

Negotiable

Ownership
Owner & Family 88.2%  Management Team 11.8% 
Facilities
-Leased by the Company: 2 manufacturing plants with warehousing 1st Facilities: 57,900 sq feet on 4.25 acres 2nd Facility: 16,352 sq ft on 15 acres Monthly rent (1st Location): $34,167 Monthly Rent (2nd Location): $4088
Reason For Sale
Owner is retiring