Precision Manufacturer - Parts For Oil & Gas Industry
Location Illinois,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $3082860
Net Profit / Cash Flow $402391
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1936
Number of Employees 10 - 19
Inventory 1656557
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Health
Description The Company manufactures componentsfor a number of vital global industries, though primarily serve customers in the oil & gas industry. Customers look to the companyfor its capabilities when procuring components that require exotic materials, close tolerances, and complex geometries. When customers need mission critical components that must be guaranteed fail-safe, they rely upon this company to fulfill their needs. The company is experiencing accelerating growth in the oil & gas industry and expects this trend to continue as the moratorium on offshore drilling has been lifted. It recently became a certified supplier to aFortune 100 company and was subsequently awarded $1M in new orders with significant orders likely to follow.
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