Issue link: http://deals.uberflip.com/i/1530949
Designer and Manufacturer of Products Enhancing Equipment Safety and Performance Located in Southeastern US #55646 Sign NDA ► 2024 Revenue Est. $3,500,000 (55.7% growth) 2024 EBITDA Est. $1,682,000 (48.1% of revenue) 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 the 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. Jacob Mangalath Vice President - M&A Email: JMangalath@generational.com Mobile: 469-828-2791 Generational Equity 3400 N. Central Expressway, Suite 100, Richardson, TX Fax: 972-392-1124 BUSINESS HIGHLIGHTS The Company specializes in the design of products for mobile equipment that reduce the likelihood of accidents and equipment abuse, and the resulting injury to persons and/or damage to vehicles and facilities. The company is positioned to take advantage of the fast-changing landscape of safety on mobile equipment, especially within but not limited to the material handling segment. Product base consists primarily of mechanical and electronic transmission shift inhibitors/interlocks and top travel speed limiters. The top speed limiter has multiple speed settings and zone speed control capabilities. The Company operates from a 6,000 square foot facility used for office, shop, and storage space, with rent totaling $43,000 in 2023. Ownership is pleased with the Company's success, and recognizes its strong potential for continued growth. They would consider staying in order to facilitate a successful and orderly transition . INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 COMPANY STATS > 30 yrs. of Operations > 10 Full Time Employees > 150 Active Accounts/ 20 OEMS > 90% Repeat Business > Proprietary Systems and Procedures > International Reach > Modest Ongoing Capital Investment Requirements INVESTMENT APPEAL • Strong Customer Relationships: The Company has strong ties to clients due to its reputation for timely delivery and excellent customer service. This commitment is represented in the strong retention rate of accounts (90%). • Superior Name and Reputation: The Company has a long-standing (since 1994) reputation for its focus on quality products, offering reliable expertise, and providing superior customer support. • International Reach: The Company has supplied products and custom facility solutions to customers throughout the world including Australia, Canada, South America, and Europe. • Strong Historical Sales Growth: Revenue increased from $1,807,000 in 2021 to $2,248,000 in 2023, a CAGR of 11.5%. • Rising Gross Profit / Decreasing Expense Trend: Gross profit increased from 72.0% in 2021 to 78.2% in 2023, a CAGR of 16.3%. Operating expenses decreased from 42.1% to 37.8% during the same time period. • Strong Earnings: EBITDA increased from 29.9% in 2021 to 40.5% in 2023, a CAGR of 29.7%. • Strong Net Working Capital: In 2023, the Company's unadjusted current assets were approximately $1,078,000 and current liabilities were $381,000, resulting in a Net Working Capital (NWC) of $697,000. GROWTH OPPORTUNITY > Product Line Expansion > Product Installation > Increase Sales/Marketing > Market Expansion REVENUE MIX 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 the 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.