Description of the business for sale
Business Activity: The 50+ year old Company in the eastern United States provides coating application services to companies in the eastern U.S. Since 2004 sales and margins have improved as industry consolidated and pricing pressures eased.
Customers and Markets: The Company provides services to the power generation, flow
process, mass and bulk transportation markets. The Company serves a substantial repeat
customer base from a diverse group of recognized corporate customers.
Additional Opportunities: The market for coating services is growing as infrastructure growth remains strong. Management’s focus on organic and diverse growth provides a foundation for continuing growth.
Competitive Factors: The Company is recognized as a leading provider of application services in its geographic area. The Company has developed proprietary techniques and capabilities in core applications, accentuating the Company’s market position.
Employees: Experienced management includes key employees responsible for operational,
administrative, and financial functions of company. The staff includes 27 employees.
Assets: Value is derived from the company’s multiple capabilities, long-term customer
relationships, skilled employees, proprietary technique, capabilities and practical application knowledge.
Support / Training provided by seller
As required for a successful transition.
Description of the facilities
The business operates from a leased shop and office facility.