Business Description
Owner & Management Team Looking for Strategic Partner
This high-specification machining, welding, and engineering company serves key nuclear clients including utilities, DOE, DOD, naval, and aerospace customers. The business is growing rapidly (up 650% since 2014) and is well positioned for future growth. Attractive multi-year contracts are in place with some extending out as far as 2029.
Ownership will favor strategic candidates targeting the business for addition to an existing platform company. Owner is prepared to roll over equity with qualified candidates.
Investment Considerations:
• Multi-year contracts
• Up 650% since 2014
• $12.5 million backlog
• Several leading accreditations including NQA-1, 10CFR50 Appendix B, ISO: 9001:2015 & AS9100D
• Experienced management team in place
• Clear strategic plan for company growth
• Owner prepared to roll over equity with qualified candidate
MidStreet data room includes a comprehensive written memorandum and video overview. Candidates can access after initial interview and signing non-disclosure Agreement. To learn more, complete the inquiry form on this page.
INVENTORY
Included in asking price.
Furniture, Fixtures, & Equipment (FF&E)
Included in asking price.
EMPLOYEES
40+
Competition
While some competition exists, this company’s unique business model and end-market creates a high barrier to entry and resulting high margin.
GROWTH & EXPANSION
Ready to grow to the next level under new ownership. Growth comes primarily from difficult to acquire accreditations, multi-year contracts, and ongoing customer relationships. Several expansion opportunities exist within current market segment, and the company is well positioned to accommodate future growth. 2022 on track for over $14 million in revenue with EBITDA in excess of $4 million. Current backlog over $12.5 million and extends well into 2023.
Reason for Selling
Owner would like to see the business grow to the next level and wants to work with the new owner to achieve that goal.
