Profitable Metal Fabricator

Nokomis Advisory Services LLC, (NAS) has been retained to sell a custom metal manufacturing company that produces specialty products for the construction and agricultural industries in the western US. The business is not located in the greater Seattle or Portland areas and there are three owners with one of them active as the CEO. The current owner wants to pursue other interests. There is a shareholder agreement in place and all owners are onboard with selling. Established in 1986, they began producing products to meet the needs of the local community and have expanded to selling in three states. They are locally owned and operated, and their dedication to customer service sets them apart from larger competitors. The firm has a culture that considers the staff “family” they have a “whatever it takes” attitude – customer service is part of their DNA. They take great pride in their reputation for high quality products, selection of products, enthusiastic and focused employees, and the excellent supplier relationships they’ve developed. Over the last few years, the operating owner has concentrated on improving margins and efficiencies (versus topline growth). The next step is to take advantage of new products in the marketplace. There is a general manager in place, he knows about the sale. He is willing to stay for the right buyer (and finding the right buyer is the most important factor to the owners).