Located in North Carolina, the Company is a notable industrial distributor supporting the maintenance, repair, and operation (MRO) industry of manufacturers worldwide. Since its inception, the Company has cultivated high-quality relationships by providing exceptional speed and service to its customers. Despite being US-based the Company serves only foreign markets and features a second location in Poland. This location works to support the Company’s European and Middle Eastern customers.
The Company’s greatest strengths include providing high-quality equipment sourcing and delivery to a wide variety of customers that span a multitude of industries including but not limited to, food, automotive, and aerospace. The Company also features international employees who support its global sales efforts and provide customers with a unique end-to-end service dynamic. These employees work to give insight into macroeconomic trends occurring in their respective countries and support the Company abroad.
Ownership is loosely involved in the day-to-day management of the Company, as the Company is primarily run by the current Vice President whom the owner internally promoted. The current owner is looking to divest from the Company as they lack the resources to operate the Business to its full potential. The real estate is currently owned by the owner and leased to the Company through a separate entity. The seller would prefer to lease the real estate back to the buyer in the event of a transaction.
This turnaround opportunity has historically been able to generate better financial performance, but due to obstacles encountered with expansion, the owner does not want to dedicate the time or resources to feed this expansion and return to a robust financial state.