Oakland County CNC Machining Company (RA178)

Status

Company Summary

This Eastern Michigan-based Company, based in Oakland County, is a custom CNC milling and turning company that provides high quality parts and components to both automotive and non-automotive industries. The Company is rebounding from the effects of the 2020 pandemic, and March 2022’s backlog is the highest it has been in the last 12 to 18 months. The Company has built a large, dedicated customer base, and has excess machining capacity that a strategic acquirer could access. The Company machines a variety of different types of metals and plastics for the automotive, automation, defense, and engineering industries.

Investment Highlights

Consistent growth – Up until the pandemic of 2020, the Company has grown in nearly each of the past 20 years.

Industries served – The Company serves a wide range of industries including automotive, automation, aerospace, defense and food service, resulting in a diverse customer base.

Strong reputation – The Company has strong relationships with its customers, which is one of the ways it maintains its vendor code with a large automotive OEM.

 

Growth Opportunities

Existing machine capacity – The Company currently has open machining capacity. A new owner that could add volume to the Company’s existing machinery would boost profitability.

Additional capabilities – The Company has plenty of machining equipment. Adding additional capabilities, such as laser cutting, welding, and fabrication would allow the Company to provide additional services to the existing customer base.

 

  2019 2020 2021 YTD – February 2022
Revenue $1,640,000 $657,000 $520,000 $145,000
Adjusted EBITDA $213,913 $15,161 $72,370 $24,310

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