Precision CNC Machining Company - MI
Founded over 40 years ago, this precision machining company serves a variety of industries including oil & gas, aviation, defense, aerospace, medical, heavy truck, and automotive, entertainment, etc. The company specializes in running both low volume, high margin products and custom designed products such as prototypes, jigs, fixtures, reverse engineering, and the design/build of special tooling, including assembly aids.
The company maintains a modern bank of 40 machining and turning centers which includes a bank of 10 – 5 axis VMC’s, plus other support equipment. New equipment is continually added, old equipment is continually updated, as needed in order to expand both capabilities, capacity, and profitability. The company has CAD/CAM design capability, a complete metrology lab, and is ISO 9001–2015 and AS9100D certified.
The company boasts 40 highly skilled, dedicated, non-union employees functioning as machinists, engineers, quality, and sales personnel, all working a single shift operation. Over the years, the company has weathered many challenging business cycles all the while continuing to prosper due to regular investments in both modern equipment and staff development. This has resulted in a very productive, mature, and valuable staff. And for a growth minded buyer, a second shift is clearly a viable option.
In 2020 the company was able to take advantage of its vast resources and produce a record number of assemblies from in-house machined parts. These assemblies were critically needed for the medical industry and were produced in record time which resulted in a win-win-win for the company, customer, and end user.
In 2020, the business impressively recorded $2.5 million of EBITDA on revenues of $9.8 million. In 2018 and 2019, which were more typical years, the company recorded $6.0 million revenue and approximately $1.0 million of EBITDA in each year.
Located in a 50,000 square foot air-conditioned facility in Southern Michigan, the real estate (with an estimated $2.8 million value) can be leased as part of the business purchase or purchased in a separate transaction.
Please contact Glen Toadvine at [email protected] for further information.