|Asking Price:||Entertaining Offers|
This midwestern business provides custom engineering, design, and manufacture of complex electronic subsystems and components used in aerospace, satellite communication, and defense applications.
The Company pursues design projects that are likely to yield long-term manufacturing opportunities. Some designs have been in production almost 20 years and several of its current projects may run for the next 10 to 15 years.
Founded over 25 years ago, the Company has earned a great reputation hence there are many repeat customers and most new business arrives via referral. Existing connections with several important defense contractors will afford the acquirer the opportunity to continue building these relationships and engage in large projects.
A solid team of 23 is in place as well as a design and manufacturing facility with room for expansion as the business continues to grow. Ownership wants to remain with the company after an acquisition which will ensure a smooth transition and seamless transition of client relationships.
Revenue has grown steadily, is gaining momentum, the pipeline is full and 2022 looks even better!
This is an amazing opportunity for a strategic buyer to move into new markets, add customers, broaden, or deepen technical capabilities, add highly skilled engineering and production staff, and/or expand geographically.
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