Tier 1 Automotive Parts Manufacturer
Founded in the mid 1900s, this tier 1 automotive parts manufacturer is a long-standing manufacturer of small metal automotive components, operating from dual facilities in Ontario, Canada and Michigan, United States. With a diverse range of production equipment, advanced manufacturing processes, in-house engineering expertise, and a steadfast commitment to quality and responsiveness, the Company has built a strong reputation as a trusted supplier to leading automotive brands.
Although current financial performance is below historical levels due to operations running at only 10% of manufacturing capacity, the tier 1 automotive parts manufacturer is well-positioned for strategic growth through expanded sales efforts, diversification within the automobile industry, entry into new markets, and pursuit of higher-margin projects. While near-term results may remain modest, revenue is expected to recover organically over the next year as new projects come online.
The owner is pursuing retirement to spend more time with family and is seeking to sell the business. There are two managers, both of whom have been with the Company for many years, intend to remain with the business post-transaction, ensuring operational continuity for a new owner.
Buyers will be required to have a minimum of $100,000 in liquid funds to be considered for this opportunity.
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Business Details
Year Established: Mid 1900s
Number of Employees: 13 (excluding the owner)
Facilities and Assets: The Company owns its real estate through a related entity, and while the current owner is open to selling or leasing the property, they have a preference for selling.
Support and Training: N/A
Reason for Selling: Ownership is looking to divest from the Company to retire.
Limited Seller Financing Available
Financing Notes: Limited Seller-Financing Available for Qualified Buyers.
