Business Overview
- Innovative and Established: A leading provider of electrical and electronic systems, specializing in complex automation projects and custom enclosures since 1970s
- Diverse Operational Footprint: Operations extending across Ontario, Quebec, and international outreach, including a presence in Dubai, UAE.
Financial Highlights
- Robust Financial Performance: Demonstrated a strong financial trajectory with a revenue $2.6M in 2023 and forecast of $5.1M in 2024.
- Impressive Asset Value: The business boasts an approximate liquidation value of $1.1M in equipment and machinery.
Human Resources
- Skilled and Committed Workforce: Employs a dedicated team of 28 employees, with a blend of full-time and part-time staff, including key positions like Business Development Director and Production Director.
- Experienced Leadership: The company benefits from experienced management, capable of driving business growth and maintaining high operational standards.
Client Portfolio
- Diverse Clientele: Serves a broad customer base with over 50 clients, ensuring a balanced market concentration.
- Recurring Revenue Strength: Approximately 30% of annual sales are from recurring revenue, highlighting stable and predictable income streams.
Unique Selling Proposition and Growth Potential
- Niche Market Leadership: Strong presence in the automation and electronics sectors with unique, competition-free products catering to both domestic and international markets.
- Growth Opportunities: Significant potential for expansion in the municipal and pharmaceutical automation sectors, as well as the electrical and railway electronics markets in Ontario.
Seller’s Motivation and Future Prospects
- Strategic Sale for Growth: The current owners are considering selling to bring in new partners for achieving ambitious growth objectives, especially in the Ontario electrical and railway electronics sectors.
- Prepared for Transition: The owners are committed to a smooth handover, ensuring the continued success and growth of the business.
