“GOLIATH” is a specialty motor manufacturer and service center for large electric motors used in demanding applications including aggregate, power & energy, infrastructure and marine end markets. The Company is ISO 9001:2015 certified and produces proprietary AC and DC motors up to 20,000 HP. Additionally, a motor repair division supports field service work, complex repairs, testing and complete rebuilds.
As a turnkey solutions provider, Goliath enjoys a very sticky customer base w/ several large accounts supported by multi-year contracts. In a given year, approx. 200-300 customers are served with no single account generating more than 15% of sales. Approx. $40M of awarded contracts are in hand today for motor replacement and repairs.
In recent years, significant investments were made in the Company’s infrastructure including adding 30,000 s.f. to their facilities to support larger opportunities and enhanced capabilities. As a result, Goliath is experiencing strong YoY growth and will approach $15M in sales this year with projections targeting $20M in 2020 based on contracts in hand.
The seller is seeking a full liquidity event to support retirement and position the business for continued growth. A strong management team (including a President) is in place today to support the on-going operation. The ideal buyer will have relevant industry knowledge and resources required to support continued growth.
The Company operates out of 60,000 s.f. The Company invested in facility upgrades in recent years to drive continued growth. (Real estate is not included in the transaction.)
Market Outlook / Competition
The Company competes in two distinct markets - custom motor manufacturing and motor repair services. With an excellent track record, customers trust Goliath to provide exceptional, turnkey engineered solutions that meet their needs. Their ability to solve challenging customer problems differentiates themselves from others in their industry.