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Growing Material Handling Equipment Manufacturer
Location: United States -> Minnesota
Industry: Manufacturing > Machinery Manufacturing

Business Summary

Rapidly growing manufacturer of engineered material handling equipment with years of experience as a leading designer, manufacturer and innovator in its industry. The company's proprietary products provide state-of-the-art, reliable, cost-effective solutions in a wide variety of applications, industries and countries, and are in use by over 100 of the largest industrial companies in the world. The company's broad product lines have significant growth opportunities in the U.S. and internationally. The management team has also identified a number of additional revenue and profit growth opportunities. 2022 year-end revenue was $10.5 million, up from $8.2 million in 2021. 2022 adjusted EBITDA was $1.2 million, up from $765,000 in 2021. With record first quarter shipments, 2023 revenue and earnings are on track to be $11.9 million and $1.5 million, respectively.

The Company has 22 experienced non-union administrative, sales, engineering and production team members and is led by a highly effective management team capable of leading the company in the future. Except for the retiring CEO, all of the other employees are expected to want to stay on with the new owner. The company leases a 25,000 sq. ft. industrial building which serves as the company headquarters and production facility. The modern facility is well maintained and has convenient freeway access near three interchanges.

The owners would prefer a stock sale but are open to an asset sale. The business is valued at $7,200,000 on a debt-free, cash-free basis. The business is valued at $7,200,000 on a debt-free, cash free basis. The assets include approximately $2,444,000 of working capital (excluding cash), plus tools and equipment, intellectual property, established customer and vendor relationships, skilled workforce, and goodwill. Contact the broker for an NDA to receive a copy of the 38-page Marketing Memorandum for the Company.


Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $11,900,000
Cash Flow:   $1,500,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1959
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  CEO retirement

Print Listing Id: 700387770
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