Issue link: http://deals.uberflip.com/i/1323283
Since the 1960s, this Company has manufactured fiberglass reinforced plastic basins for the pump industry. Today, the Company is well-established as a custom manufacturer of fiberglass products for customers' unique needs, whether special sizes, shapes, or applications. It provides specialty resins for most corrosion and high temperature applications. In 2019, revenue was generated from standard products (70% of sales), custom products (25%), and service (5%). The Company differentiates itself amongst limited competition on services provided (including customization), superior quality, and fast delivery. Company Strengths • Superior Name and Reputation: Since its inception, the Company has enjoyed a long-standing reputation for its focus on providing high-quality products and services to customers. • Loyal and reputed customer base: The Company has many long-standing customers and a high rate of repeat business. For example, two of the top five customers in 2019 have been doing business with Company since 1965, and one since 1985. • Limited Competition: There is very limited competition in the Midwest for the custom work performed by the Company. • Healthy Financials: The Company has good pretax profit margins and a strong balance sheet with very little debt. Business Expansion Opportunities • Underlying Industry Strengths: As this industry supports various industries, it is considered to be recession-resistant and projected to grow annually. • Existing Customer Base: With the addition of a good sales team, the business can be easily expanded to its existing customer base. • Additional Product and Service Lines: The Company's existing business model and capabilities can be leveraged to manufacture many other products. • Ready for Expansion: The Company's business model is well-suited to expand to serve other industries nationally. Prasad 'Pat' Karcherla, Senior M&A Advisor Client # 63339 Tel: (630) 708-2408 Fax: (214) 764-1362 Email: pkarcherla@generational.com | www.Generational.com I www.DealForce.com For more information, please sign the Confidentiality Agreement DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. Custom Fiberglass Product Manufacturer for Sale Midwest/Great Lakes Region, US 2020 Est. Revenue $ 1.3MM | 2020 Est. EBITDA $150K+ Highlighted Investment Considerations The Company serves a diversified market based on agent locations and shipping locations for OEM. Shipping costs for plumbing and custom work limits the geographic market to primarily a four-state area in the Midwest. In addition to using several outside (non-employee) sales agents, inside sales are handled by one of the owners and the Company's office staff. It has an informative website and is listed in the Thomas Register, but sales are primarily the result of repeat business and word of mouth. The Company is registered as an S-Corporation. It is equally owned by two owners who are supported by 7 full-time and 2 part-time employees.