Wireless Product Engineering Firm

For the past 20 years, this hardware engineering and testing firm has steadily grown by designing, developing, and field-testing commercial grade wireless products for many well-known, nationally branded clients. As a leading outsource provider in the booming IoT industry, the company is now well positioned to rapidly scale both its services and in-house product lines under new ownership. Last year a major client in the broadband industry opened a large purchase order which as expected significantly increased annual revenues and profitability to over $1M (Trailing 12 Month) further demonstrating the high potential for growth for this business. With its proven track record with clients across a variety of industries, the strong reputation of this business provides an ideal acquisition for an industry buyer looking to instantly add engineering and testing capacity or for a synergistic acquirer searching for a strategic add-on opportunity. The current owner is willing to stay onboard under a new ownership structure (time/compensation negotiable).