Established Steel and Miscellaneous Metals Fabricator and Installer

Description:
The Company specializes in the fabrication and installation of structural and miscellaneous steel, ornamental iron, and stairs and handrails. The Company also sells steel and miscellaneous metals and provides historic preservation and restoration services.

Key Aspects:
• Revenue has consistently outpaced its costs year over year, creating positive operating leverage for continued profitable growth
• Average revenue of $4.2M from 2020 to 2023 • In operation for over 70 years
• Diversified revenue streams including steel fabrication & labor, installations, and materials
• $4.6 million in backlog as of February 2024 • In-house fabrication, assembly, and parts facilities
• Shop employees are cross-trained on equipment to ensure quick shift in workforce and resources

Opportunities:
• Continue to expand footprint into different states to expand market share
• Bring steel erection and steel detailing services in house to reduce costs
• Expand operations to maximize production outputs
• Continue to increase workforce and operating capacity

Headquartered:
• Eastern US

Current Markets:
• The Company primarily serves commercial (institutional, retail, hospitality), government, and residential clients throughout the Eastern US.

Real Estate:
• The Company operates from a 20,000 sq. ft. facility leased from an unrelated third party.

Shareholder Ownership:
• The Company is owned by a single shareholder. He believes the Company is in a position to expand and take advantage of growth opportunities in the industry. The shareholder is seeking to retire; however, he is willing to stay with the Company under new ownership.