The company provides repair and rebuild services for heavy equipment and industrial products including mechanical, welding, machining, fabrication, maintenance, and accessory sales.

Key Aspects

Revenue and gross profit (GP) grew at a compound annual growth rate (CAGR) of 14.1% and 11.6%, respectively, from 2018 to 2021
GP margins averaged 42.8% from 2018 to 2021
Acquired a machine and fabrication company that operates as an internal division and services external clientele
Specialized structural welding capabilities with multiple certifications on various metals
Owns and operates multiple machine mills, lathes, and computer numerical control (CNC) machinery
Outstanding reputation of 35 years built on honesty, integrity, and service

Opportunities

Expand hydraulic cylinder work to include machining and fabrication
Add mobile line bore services to expand market share
Develop more manufacturer connections to establish additional regional service hubs
Promote mechanical service call work with additional service trucks
Increase CNC and construction bidding to increase general welding services and multiply sales
Expand operations to other geographic locations
Increase sandblast, paint, finish, and corrosion control services

Headquartered

Southeastern US

Current Markets

The company serves the construction, contractor, crane operator, heavy equipment rentals, agricultural, theme park, pipe & vessel, general fabrication, and production plant industries. The company is also a designated service provider for a manufacturer’s equipment, and looking to develop more of these connections with manufacturers.

Real Estate

The company operates from three machine, weld, and mechanic shops totaling 24,800 sq. ft. There is additional shop space totaling 5,800 sq. ft., along with a 12,000 sq. ft. vacant parking lot. All spaces are leased from a related entity and are expected to be included in the sale.

Shareholder Objectives

The company is a family-owned business composed of three shareholders. Management is willing to remain with the company under new ownership for a suitable transition period.

Benchmark International

Benchmarks Exclusive Opportunities

Heavy Equipment Repair, Rebuild, Welding, and Parts Fabrication Services – BN000039837

Heavy Equipment Repair, Rebuild, Welding, and Parts Fabrication Services – BN000039837

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