Archives Listings

Millwright Contractor Business Servicing the Agricultural Industry

Opportunity to acquire a leading agricultural welding and millwright contractor with operations throughout Western Canada. This business has unique access to remote grain elevator locations in Manitoba, Alberta and Saskatchewan and a history of excellent service provision, making them the preferred mid-market contractor for many multinational agriculture players with elevators in the region. The company faces little-to-no direct competition and has built a roster of recurring clients, allowing them to command premium service fees. The company often finds itself vetting potential clients instead of bidding for projects, as many other contractors do. The business owns a single warehouse and a lean fleet of trucks and trailers. The company’s operations are not reliant on the location of the warehouse, and the company can be moved without impacting operations. This acquisition opportunity is ideal for a complimentary welding and/or millwright business interested in geographic expansion to Western Canada, access to and expertise in operating in remote locations, and moving up/down market to capture premium pricing. Market offers for the business will be reviewed, and a share transaction is to include a normal amount of working capital on a cash-free, debt-free basis. The financials presented below are averages of the past three years.

Custom Industrial Equipment Manufacturer

This is a prime opportunity to acquire a well-established industrial manufacturing company located in Toronto. The company specializes in custom industrial equipment manufacturing and has a strong track record and a loyal customer base. The company is a Canadian leader in custom industrial equipment manufacturing with over 30 years in the industry. It serves a diverse range of clients, including many well-known companies. Customers choose the company because of its end-to-end design, manufacturing, installation, and follow-on service offering that creates genuinely bespoke products. The company is also only one of a handful of Canadian manufacturers in a niche market where competition is minimal, and margins are high, providing the owners with good cash flow stability. As companies all across North America continue to re-shore their manufacturing and supply chain functions following the COVID-19 supply chain crunch, demand for products manufactured in Canada will likely grow at an outsized rate over the next decade. This trend is a strong tailwind for the company. The business has showcased consistent revenue growth over the past five years, with 2023 revenue reaching $2.45 million. The normalized EBITDA for 2022 was $307,254, reflecting the company's ability to deliver strong financial results. The business operates out of a conveniently located 10,100 sq. ft. facility in Mississauga, Ontario. The building lease extends to 2024 with an option to renew it at a favorable rate until 2026. This location offers easy access to major transportation routes, improving operational efficiency. For a new owner with a vision for growth, the company offers significant expansion opportunities. These opportunities include ramping up the company’s sales pipeline to add new clients, adding more products around the company’s core offering, increasing add-on service and product offerings like parts distribution, and expanding the company’s design and engineering offerings. This is a compelling opportunity for an investor looking to step into or expand in the industrial manufacturing sector and continue the legacy of excellence. The price is for a share sale with a normal amount of Working Capital included.

Established Recreational Vehicle And Trailer Dealer

This is a well-run and operated 50+-year-old Recreational Vehicle and Trailer business with a loyal client base spanning multiple generations.

The business offers both new and used Recreational Vehicles, as well as rental units and RV parts for sale. The company also runs a service department for past customers. The business has a great following with a total estimated RV’s sold over the past 5 years of over 1,700 translating to 300/320 units sold per year. The company is an authorized dealer for a number of the major recreational RV brands and has favorable payment terms as well as well-established relationships with suppliers.

While the pandemic has temporarily increased demand above previous levels, there is a pronounced long-term trend for owning a recreational vehicle as a means of having more control and flexibility in vacationing options which has been pronounced even among a much younger demographic than the usual customer profile of the company.

While the business experiences certain seasonality (Spring & Summer being the busier periods), the service and parts revenue which has grown over the years, offer mitigation to seasonal cash flow. The increase in prices of recreational real estate and cottage properties over the last decade has also led to more demand for RVs as an alternative.

Provided financial numbers are average for FYE 2021 through 2023.

The contemplated transaction for the business is for a share sale and to include a normal net working capital amount required for continued operations. Customary training and transition period are to be provided. This is an ideal opportunity for a complementary business looking to tap into a multi-generational loyal customer base and well-established supplier relationships while growing the existing operations.