Business Overview
About the Company
For sale is a 23-year-old ISO Certified Company with global operations and physical presence in Canada and the United States. The company specializes in engineering and re-engineering OEM parts, and equipment such as gears, gearboxes, clutches, bearings, and seals. The re-engineered OEM parts and equipment have better materials, applications, and designs to optimize and increase the equipment’s reliability and longevity. Clients experience less downtime, higher run time, less part/equipment replacement, and higher return on investment and plant profitability. They also provide hydraulic and electrical motor work, steel fabrication, and anti-wear coating solutions.
The company has a strong reputation, is well-established with solid vendors, and has contracts with long-term clients. Besides Original Equipment Manufacturers, the company has only a few competitors. Additionally, the company has low overhead and high profit margins.
Project minimums are $5K, but the average revenue per client can range from $300K to $3M. There are no specific licensing requirements to own the company, but a mechanical background would benefit the buyer.
