Domestic Leader and Niche Manufacturer of Lead Fishing Jigs with a B2B Business Model and $6.6M in Sales in 2021
$6.5M Price for a $1.48M EBITDA Midwest Jig Manufacturer
Founded in 1986 and located in the Midwest, the Company is the largest U.S. manufacturer of lead fishing jigs domestically.
The company generates profit by selling jigs created by centrifugal casting. Lead and fishing hooks are cast together in silicone molds and sold to customers who finish decorating the lures and retail their products across the US.
The Company has tripled in size in the past 12 years through organic growth due to excellent customer service, high-quality products, fast production, and design capabilities. The company has had a record year every year it's been in business and this year is no different.
The company has 600 customers of which 300 have repeated their business in the last three years. The current owner works part-time and relies on two tenured managers to handle the day-to-day activities. The reason for the sale is retirement.
The company has excellent production/cost tracking metrics for each line offered and a very straightforward set of financials.
Growth opportunities exist via integrating vertically in the supply chain. Acquiring the Company’s customers, offering packaging and shipping services are examples.