Process Controller Manufacturer Wide Variety Client Base

Hartford, CT

Seller Financing Available

listing image
Cash Flow:$375,000
Inventory:$200,000
Established Year:2004
Gross Revenue:$1,700,000
FF&E:$100,000
BUSINESS DESCRIPTION

Process Controller Manufacturer Wide Variety Client Base

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here:
https://pronovapartners.com/engagement/process-controller-manufacturer-for-sale/

The business manufactures and maintains process controllers servicing the water/wastewater, industrial, and institutional markets. Products are used in nuclear power plants, universities, hospitals, steel mills, paper mills etc. Two contract manufacturers make the products. One makes the products, assembles and drop ships them directly to customers. The other ships parts for final assembly at the Company’s HQ. The business model has reduced overhead and the need for larger facilities.

The Company has been through several incarnations since the late 1800’s and into the1900s when early models of process controllers were invented. This legacy of innovation was nearly lost when the 2004 buyers, a private equity group, failed to implement adequate management and oversight of operations. When purchased and a new LLC established in 2019, the operation was distressed; innovation stalled and engineering on hold.
The current owner, an industry-insider, knew what needed to be done, reduced manpower redundancy, but saved jobs and inspired innovation once again. The value-add potential seen in restructuring; reducing overhead, implementing operational efficiencies and improvements resulted in increased bottom-line profitability and the business’ gross margin.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.


DETAILED INFORMATION
Location
Hartford, CT
Inventory
Not Included in asking price
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The 7,500 square foot industrial/office space rents for $4,700 per month. The lease extends through May 2024. About half of the space is open warehouse with offices around the perimeter.
Competition
Three large multinational corporations are the most predominate competitors in the market that cannot compete with on price thanks to the greater flexibility in pricing. This flexibility also means the ability to offer more customization options to the customer. Other than lower price points, the Company offers great support & application-based solutions. Excellent support, outstanding products and digital marketing, have helped grow market share in since 2019.
Growth & Expansion
The Company is on track for gaining market share in a variety of categories of controllers, and with the pending release of the new a next-generation controller more opportunities will open. Additionally, the Company was been awarded a contract for an international nuclear project. In the future, greater overhauls in various industries will be needed to accommodate greater automations. Many new opportunities that will originate with engineering department. The team will create drawings, and design controller configuration. Domestic and international
Financing
TBD if structure and terms are acceptable.
Support & Training
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for three months, and longer as a paid part-time consultant, as negotiated.
Reason for Selling
Seller enjoys restructuring companies, once stabilized, it's onto the next rescu
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Rick
Carlson
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Rick Carlson