The Company has provided equipment repair machinery services to its customers for 60+ years.  The Company’s experience and knowledge in its field, plus its proximity to many of its customers gives this Company a competitive advantage.

Due to various circumstances sales and gross margins have declined.  The problems are correctable.  This is an excellent turnaround opportunity for the right buyer.  This is an asset heavy acquisition opportunity, priced right, that provides niche services to a well established customer base.

 INVESTMENT HIGHLIGHTS:

• Very well established business (60+ years)
• Niche/specialty machine shop
• Excellent reputation for quality and responsiveness
• Advantageous location
• Broad range of machining and fabrication capabilities
• ISO certified
• Limited competition in certain segments of the business

 FINANCIAL INFORMATION: (range last five years) 

Income:

            Revenues                  $2,500,000 – 3,800,000

            Recast EBITDA               $240,000 – 520,000

 Balance Sheet:                   12/31/04 ($000)

            Current Assets         1,116                           Current Liabilities                    716

            Fixed Assets             1,342                           L/T Liabilities                           319

            Other                              11                                                                           _____

      TOTAL ASSETS            2,469                           TOTAL LIABILITIES            1,035

PURCHASE PRICE:

$300,000 cash at closing, plus an earn-out for 100% of the outstanding shares of the Company. 

 FOR FURTHER INFORMATION:

A detailed, in-depth report is available to qualified buyers upon execution of a Confidentiality Agreement and presentation of references.  If you are interested in learning more about this acquisition, please contact Keate Partners Ltd. at (513) 241-3700.