This well-established business (2 related companies) sells to a multitude of industries, including Pharmaceutical, Food & Beverage, Power Generation, Marine, Chemicals, Plastics, Pulp & Paper, and more.
The distribution company distributes PVF (pipes, valves fitting) and other industrial products. They are a regional leader in their space with knowledgeable and experienced salespeople, a “best-in-class” website, and a vast inventory that allows them to offer quick, quality service from a 35,000SF facility.
The manufacturing company grew out of the distribution business and provides “turn-key” solutions (sub-assemblies, accessory and installation kits, and other kitted products) for their shared customer base.
They have a track record of consistent financial performance and stability. 2021 was a strong year with only minimal impact for Covid in 2019-20.
The owners have built a highly functioning organization and believe that the business and its 40 employees are well-positioned for this transition. The owners have been with the company for over 30 years and are planning for retirement. They are both willing to support the business during an appropriate transition period.