(Ram Technologies) This Company designs and manufactures highly specialized electronic components used by numerous manufacturers for the healthcare industry as well as other specialized uses. One of their niches is manufacturing power supply components, cables, and accessories for medical equipment – specifically echocardiograms. They are an ISO 9001 certified facility and a Tier One supplier to several major manufacturers that use these components exclusively to manufacture and assemble their finished products. We spoke to some companies in the industry that made offers, but the best offer came from an individual that we had a prior relationship with that was looking for this type of company.
(Classic Gourmet Coffee, Inc.) The sellers owned this business for over 30 years when they came to us to sell their company. The challenge was they didn’t have detailed Profit and Loss information which can be a challenge. However, we reached out to other companies in the coffee industry and we were able to get a large coffee company that was growing through acquisition. We negotiated terms that worked for both parties.
(American Solutions) A company that provides chemicals to the printing industry, including liquids, powders, diluters, and cleaning brushes used to clean printers. They have environmentally friendly products. We were able to find a buyer that had a background in the industry and introduced them to a banker who arranged SBA financing so the seller did not have to provide financing.
(Ultra Tool & Manufacturing) A company that manufacturers components for industries such as Technology, Optics, Healthcare, photonics, aerospace, and automation. The owner was ready to retire after 30 years in the business. They have a 22,000 sq. ft. facility. They do prototyping, production runs, mechanical subassembly, tuning, and more. We sold the business to an individual buyer with financing in place and experience working for a large metal fabricator in the area.
A company that manufactures printed circuit boards (PCBs) and parts for cars, robots, jewelry, watercraft, sporting equipment, and more. The customer can provide their specifications over the internet, and the company can quickly turn around custom made parts and components in metal or plastic. We found a strategic buyer that was also in a similar business and felt that they could cross-sell each other’s customer base. They were willing to pay a higher multiple to acquire the company.
They provide powder coating to automotive, industrial, retail, and architectural industries. They have a number of metal manufacturers as customers. We prequalified the business for SBA financing which made for an easier process for the buyers to obtain financing. The buyers were a husband and wife team that both had corporate jobs and wanted to own their own company. We sold the business in 6 months.
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