THOR is an ISO-certified, contract manufacturer of metal components serving a variety of OEMs for many decades. With a proven operating history, solid management team, turnkey manufacturing capabilities, and robust sales pipeline, THOR is well-positioned as a platform investment or add-on acquisition for those looking to expand their presence in the Southeast.
The Company is a market leader of precision metal fabrications, progressive die stampings, tool & die making, and sub-assemblies. OEM customers enjoy THOR’s commitment to quality, competitive pricing, and on-time deliveries. They hail from a diverse segment of end markets including electric utilities, specialty vehicles, food service equipment, test & measurement, telecom, and similar commercial and light industrial markets.
The Company generates $10MM+ in revenue annually with healthy ±15% EBITDA margins. Fiscal year 2020 is tracking $10MM of revenue with $1.5MM of EBITDA (up from $1.4MM in 2019). The Company hasn't been materially impacted by Covid-19 and currently enjoys a healthy backlog and sales pipeline across a variety of end markets.
Current ownership supports the business remotely at the board level and does not participate in day-to-day operations. Onsite management is in place to oversee all aspects of the business providing a unique plug-n-play opportunity and seamless transition for new ownership. A full sale is preferred; however, roll-over equity will be considered in certain situations.
The Company leases a ±80,000 s.f. facility in a major Southeastern market with plans for expansion in the near term.