$10,000,000 (22 Proj)
$800,000 (22 Proj)
PEARL sells and services the industrial hydraulic hose, cylinder and connector market for OEM and replacement components. End markets are primarily industrial equipment hose and cylinder repair, but other facets of the business include OEM components for niche OEMs, as well as niche hose repair for heavy hydraulic equipment in large machines, ships and other applications like steel, paper and aluminum manufacturing.
The Company is based in the Southeast and is a full-line distributor of most major motion and control technologies manufacturers, supplying hydraulic and pneumatic cylinders, industrial hoses, automation components and systems, engineered products, and instrumentation products.
The Company has a team of technicians providing on-site and off-site services for large corporations and local businesses.
At the center of the business’ DNA is a commitment to delivering excellent customer service. The Company enjoys a long-standing reputation for quality products and superior customer support.
The CEO, in his 80s, is ready for retirement. The current team, including the Company’s day-to-day President, have the capabilities to run the business consistent with current operations.
PEARL seeks a passionate partner with experience in the industrial distribution market; hydraulic repair and distribution is a real plus. There is significant room for growth in this market.
The Company rents a 20,000 sq. ft. facility that includes offices, warehouse and a machine shop from an entity owned by the majority shareholder of the company.
Market Outlook / Competition
You’ll find PEARL located in an excellent, growing market extremely appealing for hydraulic repair and distribution businesses given its strong industrial manufacturing base. However, the Company’s ability to provide on-time, high-quality solutions and the long history they have in the area have made PEARL the “most trusted partner” and a well-known player.
The industrial manufacturing market is driven by growing technological advancements in the hydraulic industry. Combining hydraulic cylinders with electronics for enhanced functionality, increased accuracy, and improved and controlled performance in various applications is expected to be a key factor for the market growth.