Successful, Certified Steel Fabricator And Mfg

Business Overview:

For over two decades, this Montana-based steel fabricator has made and erected custom-designed steel structures for its customers. Besides custom architectural structures, it has supplied industrial clients with steel tanks, steel cones, process piping systems, electrical sub-station infrastructure, and truck bodies according to a wide range of customers and specifications. The quality of its work is fully certified under AISC guidelines.

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Property Features and Assets:

The business operates from a 3-acre industrial site which includes approximately 20,000 square feet of enclosed shop with overhead cranes, up to 10-ton capacity, a modern CNC drilling line, presses, and rollers that can accommodate up to 14 feet diameter tanks and cones. There are also sand-blasting and painting facilities on-site and numerous forklifts, welders and other equipment. All of this is surrounded by a fenced and paved storage yard for work in process and material inventory.

Assets = $2,020,057

Market Competition and Expansion:

Competition is moderate for this industry in Montana, but most of the company's competitors are located more than 100 miles from this business, and a limited number of them are AISC-certified. That said, the industry is noted for client loyalty and some projects can take the company throughout the state as well as out of Montana.

The potential for growth lies primarily with macroeconomic trends as they affect Montana. Increased business can be obtained with increased investment in the specialized equipment needed for the business, which will limit some competitors who don't make those investments. Recent federal legislation supporting infrastructure investment and on-shoring of manufacturing underscores the long-term growth prospects of the company.

Reason for Selling:

One owner is nearing retirement.

Additional Details:

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