Business Category: Fabricated Metal Products, Industrial & Comm. Machinery, and Primary Metal Industries
City/Region: Genesee County
Listing Price: $1,900,000
Cash Flow: $232,000
Turnkey 3 and 4-axis CNC machining company maintains unique capabilities to machining extremely large pieces for automotive, aerospace and oil and gas customers.
Established 41 years ago this Michigan based CNC company’s consistent investment in quality machinery, tooling and equipment has made it not only more versatile but more productive to run. The company maintains numerous big iron boring mills, rail mills capable of flawlessly machining large parts for aircraft, oil and gas and automotive applications. Despite a number of unpredictable setbacks in recent years, the Company is better positioned than ever to be vertically integrated with a strategic buyer seeking to utilize its unique base of equipment, industry contacts and skilled labor and management team. The Company is presently operating at approximately 20% capacity and is positioned to immediately take on overflow work. This is an agile business that has transitioned from oil and gas to aerospace and special machines (i.e. mining, steel mills, over road equipment).
Owner, now a 77 year-old, craftsman is making this operation available as succession planning to go on for the family. His son is now the President and Sales Manager and will stay with the company and runs portions of the company. Owner and his Office Manager run the business and she will stay with the company as part of the management team. Owner will stay with the company as requested by the buyer. The owner would prefer to lease the building for three to five years.
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Opportunities For Growth:
1) Physical Expansion
3) Under Capacity
1) Intellectual Property Library – The company has use patents and engineering for numerous machines they have developed and sold. These machines have intellectual value and can be used domestically and in developing counties where a lower volume of product is required. These include a tapping machine, a ring transfer-machine, as well as machines used by hydraulic industries.
2) Location – The Company is geographically well placed to serve major Michigan manufacturing hubs.
Real Estate Available: For lease
Reason For Sale: The owner is seeking retirement.
Number of Employees: 17