Leading Millwright Fabrication and Maintenance Business
This is a rare opportunity to acquire an established, successful millwrighting and metal fabrication company, located in Southwestern Ontario. The company offers a comprehensive scope of services including millwrighting, machinery moving and installation, piping, plant maintenance and custom metal fabrication. The business has an experienced team of millwrights, and regularly completes large maintenance projects including overhauls, heavy rigging and complete plant relocation.
In addition, the business also has in-house robotics and laser alignment capabilities for high precision jobs. Having a non-unionized labor force allows competitive pricing which has helped the business build a loyal customer base. Due to its service excellence and efficient project management, the business enjoys strong word-of-mouth referrals, requiring virtually no advertising costs.
The company has maintained an average gross margin of approximately 40% over the last five years and continues to have high growth potential; having experienced a sales increase of 28% in 2018 alone.
Going forward, the rebounding non-residential construction industry will continue to generate strong demand for millwrighting and fabrication services. Being a large player with a sophisticated service offering, this business is well-positioned to capture a significant portion of this growth, and expand its market share.
This turn-key opportunity is ideal for a metal fabrication business or a related industrial maintenance company seeking to enter the millwrighting industry in Ontario and leverage the business’ existing in-house capabilities and customer base.
The sale includes $742,400 furniture, fixtures, and equipment