Looking for a buyer.
CNC machining business based in Northern California. This Company does work for several different end industries, including biomedical, electric vehicles, and semiconductors. Strong, growing revenue, and a massive back log of work waiting to be completed (estimated at over $3 million). The industry is backlogged across the board due to reshoring activities and supply chain disruption. This Company differentiates itself by specializing in large precision parts, and has established an excellent reputation in the industry with many long-time customers. Material supply side issues are managed with escalator clauses. This opportunity includes all machines and equipment to continue production. New owners can expect to capitalize on reshoring tailwinds especially for sensitive, higher-end products. Company has been in business for nearly 40 years with multiple owners and is ISO###-###-#### and ITAR Certified. The Sellers have been actively managing the company since 1992, are ready to retire, and want to see a successful transition. Up to date financials will be made available to interested parties. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: A leased 11,000 sq ft warehouse and office space in Livermore, CA. Competition: The industry has seen a resurgence as companies look to reshore manufacturing to help with quality, dependability, and long-term competitiveness. Growth & Expansion: The company currently has approximately $3,000,000 worth of sales in backlog. Financing: TBD if structure and terms are acceptable. Support & Training: As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business. Reason for Selling: Retirement
Livermore, CA, USA
Livermore, CA, USA
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