Business Summary:
Located in Michigan, this turnaround opportunity provides robotic systems integration and special machine manufacturing for manufacturers in the automotive, industrial, and food sectors. The Company focuses on providing the installation of custom automation solutions to enable its customers to operate more efficiently and achieve their production goals.
The Company’s greatest strengths are its forty years of robotic integration experience coupled with its modern ERP system. The Business has ~50 employees including the recent additions of several experienced managers from notable industry leaders. Additionally, the Company has an expansive customer base as many of its customers return for additional orders.
The owner is regularly involved in the sales activities of the Company and is assisted by a wide array of managers who handle the day-to-day operations. The current owner is looking to sell the Company to gain access to financial resources that are not presently available. Ownership presently owns the real estate and is open to either leasing or selling the facility in the event of a transaction.
This turnaround opportunity has historically been able to generate better financial performance, but due to obstacles encountered with AR collection, rising debt balance, along with a few other factors, the owner does not have the resources to return to a robust financial state.
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