Capital Equipment Engineering Firm
| Gross Revenue: | $5,657,000 |
| EBITDA: | $990,000 |
The Company engineers, designs, and assembles capital equipment used for material formability testing and hydroforming. The Company also utilizes its hydroforming equipment to provide contract manufacturing services. The Company serves customers in a variety of industries and provides a diverse portfolio of products and services. The Company has been in operation since 1980 and has developed a reputable brand name in the industry.
Key Aspects
· Management indicates the Company has a strong financial outlook for 2024
with an impressive backlog of $8.4 million which is forecasted to drive an
increase in YoY revenue by over 30% and an increase in YoY adjusted
EBITDA by over 50%
· Revenue grew at an impressive compound annual growth rate (CAGR) of
24.5% from 2021 through 2023
· Diverse portfolio of products and services enables the Company to capture
multiple revenue streams from the customers ranging from parts
production to the design of capital equipment
· The Company manufactures parts and designs systems capable of creating
unique product features not available through traditional fabrication
methods
· Financials as of 12/23
REF- BN000056227
