Additive Manufacturer (Industrial 3D printing of components) for sale
November 13, 2020
by a searcher from University of Pennsylvania - The Wharton School in Indianapolis, IN, USA
Young founder/manager in place willing to roll 30% equity stake. Brand new facility with excess capacity and a long runway for growth.
Equity partner came on in 2018 and wants to exit to pursue another opportunity. Company has $750,000 in revenue, $250,000 of WIP and is break even. Likely buyout of partner for $2MM or less for 70% stake.
President/founder is an engineer and they brought on sales executive that failed miserably causing them to lose ground. Company does traditional machining (CNC) of components and 3D printing of metal components for highly engineered, high spec clients like aerospace companies including design/project management.
Deal must close by 12/31/2020.
from Purdue University in Dallas, TX, USA
from Iowa State University of Science and Technology in Overland Park, KS, USA