Opportunity for new owner to acquire an industry leading manufacturing company and reap the rewards of this finely tuned established business. The company has been in business 40+ years and is well-known and highly respected as the worldwide market leader in their sector. Its products are engineered, designed, and manufactured in-house, sold around the world through a network of distributors as well as directly from the company, and have a reputation for outstanding quality. There are no known competitors within the core group of products.
The company engineers, designs, manufactures, and assembles over 1,250 component parts used in various forms of motorsports as well as in automotive aftermarket applications. Manufacturing operations are machinery intensive with 20 CNC machines on the floor along with 30 manual and semi-automatic supporting machines. They maintain one of the largest websites in the industry, with extensive technical information and resources available to the reader.
Customer and vendor relationships are long term and solid. Customers include major motorsports teams, automotive design firms, individual race car constructors, and hobbyists. The company serves a non-cyclical, COVID proof niche market, and has no existing liabilities.
The business was founded by the current owner who has reached retirement age and desires a full sale for that purpose.
FF&E: $2,200,201
Inventory: $531,282
Established: 1978
Jeff joined the Cornelius office of Viking Mergers & Acquisitions in 2017 after a successful career in the economic development profession in North and South Carolina, advising and assisting companies on new locations and expansions. He spent twenty-eight years in Charlotte where he led those efforts. Jeff worked with a very diverse client base of small, medium, and large companies as well as both domestic and international firms.
Jeff brings a professional, client-focused approach he learned in the economic development profession to Viking and understands the importance of confidentiality throughout the process. His skills for project management and problem-solving help keep deals moving forward. He understands the need for attention to details and the emotional aspects of selling a business. His goal is to make the process seamless and an enjoyable experience for his clients.
During his time at Viking, Jeff has worked with a wide variety of businesses including metal fabricators, plastics manufacturing, cabinet manufacturing, B2B services, automotive services, personal services, construction and motorsports businesses.
Jeff and Angela, his wife of 21 years, live in the Lake Norman area with their daughter, whom they adopted in Ukraine. They attend Grace Covenant Church in Cornelius and enjoy traveling, kayaking, motorsports, and supporting animal rescue groups. Jeff is a graduate of Furman University where he played soccer and was a member of the Pi Kappa Phi fraternity. He is also a graduate of the Institute for Organization Management at the University of Georgia and the Economic Development Institute at the University of Oklahoma. He serves on the board of the 600 Festival Association and is a board member and immediate past chairman of the Polymers Center of Excellence in Charlotte. He serves on the Fifth Third Bank Motorsports Advisory Board and is also an active member of the Lake Norman Economic Development Corporation, NC Motorsports Association, and the Sports Car Club of America. Jeff is also a licensed real estate broker.
