Established in West Michigan over a decade ago, this Company assists businesses throughout the region in the development and manufacturing of fabricated metal solutions, machined parts, and assemblies. The sellers, who typically work thirty to thirty-five hours per week, refer to the Company as a “Money Making Machine” and rightfully so. However, instead of simply pulling money out of the business, they have re-invested in equipment and expansion to help ensure the Company’s long-term success.
While the Company specializes in sheet metal fabrication, its wide array of internal equipment and capabilities enable it to solve numerous and complex manufacturing challenges for its large and ever-growing customer base. These customers include manufacturers in the furniture, industrial technologies, lighting, and OEM industries.
This is a very profitable and stable business, with diversified and long-standing customers and loyal, reliable employees. Both characteristics are the direct result of the Company’s unwavering commitment to ethical behavior and excellence.
The sellers have reached retirement age, but are open to staying on with the Company post-transaction to assist with the transfer of knowledge and relationships.
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A modern 8,200 square foot facility located near Muskegon, Grand Haven, Holland, and Grand Rapids. The building is divided into roughly 400 sq. ft. of office space with the remainder being dedicated to manufacturing. There is a small break room and toilet facilities located in the manufacturing area too. The 1.5 acre parcel site has a small pond with fish and turtles. The site has plenty of land for expansion of the building, if so desired.
Growth Opportunities include: 1) Invest in Turret Press Acquiring a turret press (low-cost metal punching instead of laser cutting) would help the Company go after some “cost sensitive” customers. The facility could be expanded to accommodate such a piece of equipment. 2) Pursue Additional Complex Work Go after more business that involves not only sheet metal fab but also machined parts to be assembled/welded. This business is very profitable because not many fabricators in the area can do it in a timely manner with a sufficient level of quality. 3) Custom One-off Projects Local furniture companies outsource their work for trade show booths and prototype development. With the addition of the right person, this could become a nice opportunity/niche for growth.
Investment Highlights include: 1) Substantial and Strategic Reinvestment Since 2010, the Company has invested nearly $1M in an expansion, equipment purchases, and upgrades. The Company is perfectly positioned for continued growth and success with minimal investment. 2) Total Customer Solution is a Competitive Advantage The company sets itself apart from the competition by offering a suite of customer solutions, from design through finished products/assemblies. Additionally, the Company offers design/engineering support and its manufacturing capabilities include sheet metal and machining, which few competitors in the area offer to the extent that the Company does. 3) Broad, Diverse, and Loyal Customer-base The Company’s customer base is comprised of over 300+ customers from diverse industries. Its top four customers (which comprise 65% of total revenue) have all been doing business with the Company for at least 10 years. 4) Proven Sales Reps Although sales reps are rare among small manufacturers in West Michigan, the Company has nurtured several loyal reps that consistently send high-margin work to the Company. Two of these sales reps are from outside of the West Michigan region, adding geographic diversity to the Company’s customer-base.
Ownership has decided it is time to transition the business to new owners
Ownership willing to assist in a reasonable transition period.