Business Summary:
March Group currently represents a well-established and rapidly growing manufacturer and wholesaler of fiberglass (60% of sales) and thermoplastic (25%) products. The Company provides off-the-shelf and custom fabricated products in a wide range of materials, including PVC, CPVC PVDF, PP, HDPE, and FRP. Known as the go-to-source for items relating to a variety of applications, including tanks, sumps, piping systems, valves, piping, and the like. To complement its product sales, the Company offers clients a number of services, including piping installation, on site repair and relining of tanks and vessels, turnaround and plant maintenance, plastic welding and repair, and plastic machining. An active client base of nearly 120 accounts is comprised of a diverse assortment of businesses in the oil and gas (25% of sales), petrochemical (25%), water treatment (25%) industries. The Company’s excellent customer relationships, high rate of repeat business, and longevity in the marketplace are in large part due to its unsurpassed reputation for quality and a strong emphasis on customer service. The Company exhibits an established history of growth, with a jump in sales between 2006 ($1.32 million) and 2008 ($1.52 million) representing a CAGR of 7.6%. Fiscal 2009 sales are forecast to increase another 14.9 percent to reach $1.75 million with commensurate EBITDA of $535,241.
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