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This company is a steel fabrication business with inhouse design, precision machining capability, installation (vertical erection, tilt-ups, bridges, etc.) and steel supply capacity. Their work is installed in bridges, buildings, canopies, steel railings, steel stair systems, and more. They have enjoyed a 4-year compounded annual growth rate of 17.75% (CAGR) since 2021 providing their industrial customers with on-schedule, on-budget and high quality finished product. The majority of their sales comes from the fabrication of steel – roughly 70-80% of sales. They complement their custom and precision machining with design services.The company's 2024 sales ended at $11.6 million, up from $8.9M in 2023 or a 30.17% year-over-year growth. Company growth is attributed to a growing brand, business development and one-stop approach to structural steel.The precision machining and metal fabrication industry is growing steadily with a projected CAGR of 4-6% through 2030, driven by demand in aerospace, industrial construction, consumer products, defense, food, and commercial sectors.This is a tough industry to start a business due to the heavy equipment and cash intensive investment for any potential newcomer. Some examples of these high barriers of entry include specialized equipment, strict quality standards, and the need for an expert workforce.Ownership serves in an executive oversight role and along with leading project estimation. The company team of 40 employees are able to operate the company without the owner watching over their shoulders. An admin team is in place overseeing scheduling, project management, purchasing, HR and bookkeeping. The balance of the staff are production workers performing welding, machining, CNC programming, bending, general laborers and delivery. Jonathan is willing to provide a customary transition plan.
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