Midwest supplier of aluminum and zinc die-casted parts and sub-assemblies. The company is a one-stop shop, providing everything from initial design assistance to prototyping, tooling, die-casting, precision machining, metal finishing and final assembly. The company has die-casting machines ranging from 5 - 725 tons and operates a three shift production schedule. In 2013, the company invested $250,000 to upgrade to the current version of the industry standard ERP system designed specifically for metalcasters. FY2013 revenue was $7.7 million, up 10% from 2012. FY2013 EBITDA was $948,000, up 25% from 2012.
Father and son founders would like to sell so the father can realize his investment and fund his retirement. The father has not been active in the business for several years. The son, who is President and day-to-day manager of the business, is interested in staying on with the owner in a management role for 3 - 5 years.
$4,300,000 plus net working capital on a debt-free asset purchase basis. Net working capital as of 12/31/13 was $245,000. Assets include all equipment and intangibles. Seller-owned real estate is also for sale and is valued at $750,000. Email Greg Loeschke at Lingate Financial Group for a one-page overview and NDA to receive the 24-page Marketing Memorandum.