Business Summary:
The March Group, LLC currently represents a supplier of more than 400 different types of precision bearings for sale in more than 50 countries, to over 670 customers. With the benefit of more than 15 years’ experience, the Company is well connected in its marketplace with an excellent reputation provided by the close attention given to the special needs of its current customer base. Worldwide Distribution Channel allows for distribution to over 50 countries around the world, with Regional Distribution Centers strategically placed, making products available as close as possible to its customers. Supplies both industrial and wholesale clientele, with a diverse client base of automotive, agricultural and motor industries. Top three industries served in 2007 consisted of bearing, automotive spare parts and automotive electrical parts wholesalers. Quality bearings are differentiated from competition by consistent appearance and presentation, offering a product line that is a valued alternative to premium Japanese and European brands. Developed and implemented company quality management system which complies with international standards ISO TS16949:2002 and ISO 9001:2000. Maintains a comprehensive website containing a wealth of information regarding the Company and its product offerings, also attend and participate in industry trade shows. As of year-end 2007, the Company’s total assets were at adjusted book value in the amount of $3.49 million against total liabilities of $662,000. 2007 posted EBITDA of $799,000 on revenues of $4.73 million, with 2008 projected EBITDA of $1.06 million on revenues of $5.76 million.
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| Facilities / Terms of Lease:
Headquartered in Florida, the Company is a Panama-based holding corporation which leases office, warehouse, and production space worldwide, with locations in the United States, The Netherlands, Argentina, Colombia, Mexico, Brazil and China. Also owns a 51% controlling interest in a China-based 50,000 square foot production facility |
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