Real Estate Available
Mach-Z represents a unique opportunity to acquire a multi-location precision machining operation with excellent management, quality operations, diverse capabilities, lean manufacturing and high margin customers.
The operation continues to enjoy slow, steady growth. Managers are accountable for their location's P&L and the owners have regularly invested in the manager’s professional growth and development, while also providing the resources needed to deliver quality results and high productivity.
This year, the Company projects $14MM revenue and $4MM EBITDA, while TTM performance is $12.5MM revenue and $3.5MM EBITDA.
Mach-Z enjoys a quality asset base and exceptional financial performance. They will be an excellent platform for an experienced financial buyer or will “plug and play” nicely into a strategic buyer looking to add precision machining capabilities in the Southeast. Each facility has room for expansion and runs one shift. Managers have employment agreements in place and expect to remain with the Company post-closing. Should a financial sponsor seek a senior executive to oversee the group of operations, the seller is a family office with an executive who interfaces with these companies, as well as, other companies in their portfolio. He is open to coming on board as the CEO to lead the future growth plan, if desired.
Revenue is generated from multiple facilities that comprise ±73,000 s.f. collectively. The facilities are owned by the majority shareholder in a separate LLC and are available for purchase. The Company will also enter into long-term, market lease with prospective buyers.
Market Outlook / Competition
The precision machining business is highly fragmented with thousands of mom & pop operators making up the majority of the market. Mach-Z represents an excellent execution of acquiring smaller mom and pop operations, adding professional management and systems and improving the financial results and through-put. This operating group of machining and fabrication operations represent an excellent platform from which to acquire and integrate other operations and customers.