Airplane and Boating Manufacturing
State / Province:
Asking Price Range:
$20.0M - $35.0M
Cash Flow Type:
Number of Employees:
THE COMPANY is a US-based company comprised of three aviation related subsidiaries. It is an industry-recognized high-end manufacturer of aerospace components with a 25 year history of supplying prominent clients such as Boeing, General Electric, and Lockheed Martin.
In 2011, THE COMPANY acquired the manufacturing assets, inventory, intellectual property and type certification for the NEW JET – an FAA certified light business jet with best-in-class range, fuel efficiency, and speed. The NEW JET also holds a world record for cabin pressurization and is the only jet, regardless of size, that maintains sea-level cabin pressure up to 41,000 feet. THE COMPANY has invested ~$35mn in the NEW JET to date and currently seeks a $30mn equity investment for a minority interest in THE COMPANY to bring the NEW JET to market.
It is expected that a $30mn equity investment will equate to approximately a 20 – 25% stake in THE COMPANY, implying a pre-money equity valuation range for THE COMPANY of roughly $90 – 120mn.
THE COMPANY expects to begin sales of the NEW JET in 2016 with 4 deliveries and ramp up production to 24 by 2020 with total revenue of $246mn and $39mn of net profit.
Assuming a pre money equity valuation of $110 mm, an exit at the end of 2020 with a P/E multiple of 16 would result in a 35% IRR and a 4.5x money multiple over the 6 year period.
The Company is also open to a 100% sale.
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