This situation presents an opportunity to take a manufacturing business that is operating at capacity to the next level. They are a long-established, high performing steel fabrication and erection business that has expanded three times and all three times the expansions filled production within months. The 4th expansion is ready, but the second shareholder is unable to continue for health reasons. They have been operating at capacity and have been turned down
significant work. Land has been acquired and architectural plans are complete. The owner will stay for three to five years. Ask is 17M which includes real estate, inventory, receivables and equipment that the company values at 16M. Revenues do fluctuate depending on billing availability but have averaged 9.3M over the past five years.
