The WIN Companies are comprised of several separate manufacturing services companies that are owned and operated by the same person/management. Located in west Michigan, these companies operate out of one facility and seamlessly handle customers’ manufacturing and inspection needs across the differing competencies each company offers. These competencies include CNC machining, precision workholding and tooling solutions, heavy fabrication, welding, sheet metal fabrication and quality and metrology inspection services for short-runs to full production. Examples of industries served include aerospace, food equipment, office furniture, automotive, oil & gas, defense, alternative energy and others.
The current facility is comprised of 150,000 sqft of high quality manufacturing space with numerous overhead cranes, jib cranes, high ceilings, interior truck wells under crane, many truck docks and an efficient layout of machinery and equipment. The facility offers plenty of room for additional expansion.
- The Company is poised for significant growth in 2017 based on pending contracts and customer orders.
Corporate Strategy
The strategy developed and effectively executed over the past six years was to create the different brands/companies that work as a collaborative to the customer base. This network of companies, The WIN Companies, presents to the customers a supply base that works for the customer and solves customer issues without having the customer manage multiple vendors for projects.
The second key strategy also developed and executed six years intended to capitalize on the economic downturn. WIN specifically sought to acquire for long-term strength and significant growth opportunities that would accompany economic recovery by strategically acquiring real estate and equipment. By acquiring the facility in 2012 and adding significant equipment and machinery over the last 5 years, the WIN Companies are poised for tremendous growth. The equipment capacity and facility capacity are ready to support explosive top line and bottom line growth. Volumes could easily triple with little additional equipment, if any.
Reason For The Sale
At present, the owner/operator has incurred a moderate health issue. Although not life-altering at present, this issue has caused the owner to reconsider his strategy. Instead of working the business plan for the next 5-8 years and then selling, he is interested locating the right buyer presently, one to take a majority share or full ownership and to help guide/manage the growth plan. The right buyer will fall into one of two possible categories:
- A buyer that needs capacity in place and operating to support on-going business. This buyer will purchase WIN assets and thr facility for a fair market price and convert to the buyer’s production use. The new owner would gain a skilled workforce in the process and could sell off brands and associated customer bases to appropriate competitors if desired. The present owner is fully willing to continue to hold equity and/or work in support of the new buyer.
- A buyer that desires to buy in place and operating to support on-going business as well as keep WIN customers/brands/etc. The current owner is fully able/willing to remain in a sales or management role to support and grow the business. Any of the specific brands/companies that the buyer does not want would be retained by the present owner.
Current business activities for WIN were down in 2016. Several economic factors and industry factors (energy) are the reason for the downturn. However, the forecast for 2017 and beyond is very strong. Several potential contracts and several new customers are indicating that they will drive significant volume to WIN. Therefore, if a strategic buyer wants to buy the capacity as well as capitalize on the expected strong growth, there is a large benefit for that buyer.
