Top Ranked Recreational Marine Product Manufacturer (#1499)

Revenue:
$12,675,194
Cash Flow:
$1,761,681
Region:
Other/Unspecified
Location:
Southeast
This business has been SOLD and is no longer available. Please visit our main Businesses For Sale page to search all available businesses.

Overview:

Overview:

Founded in 2002, this manufacturer is a respected brand in the recreational marine industry. Two strategically located facilities, operating as separate LLCs, build and ship to boat builders and dealers in eight eastern states. Known throughout the U.S. boating industry for robust designs, superior quality, and exceptional customer service, this business generates strong cash flow and offers substantial opportunities for future growth.

Company Strengths:

  • Industry Expertise – Proficient, experienced and dedicated staff
  • Established Brand – Sold to 200+ boat dealers and manufacturers in 2018
  • Consistent Growth – Revenues up 13% from 2016 to 2018
  • Future Growth Opportunity – 2X to 3X growth possible from increased market share
  • Scalability – Business can be replicated in new geographic markets.
  • Diversified Customer Base – Largest customer represents less than 8% of total revenue
  • Multiple Product Lines – Product lines for all types of recreational boats and watercraft
  • Market Position – Ranked in the top segment of product line manufacturers
  • Competitive Advantages – Best in class designs, superior quality, strong dealer relationships, brand recognition, high customer satisfaction, extremely low warranty costs

Due to the integration of the two locations and use of shared designs, marketing and manufacturing processes, both companies are included in this transaction.

Revenue:
$12,675,194
Cash Flow:
$1,761,681

Your Listing Advisor.

Jeff McKeehan

Jeff McKeehan

Managing Partner

Jeff McKeehan, before joining Viking, enjoyed success as the President and Co-Owner of EHD Technologies, a nationally recognized and award-winning provider of technical and professional services. EHD Technologies was acquired in 2017 by Groupe CRIT SA (CEN.PA).

Prior to owning and operating EHD, Jeff served as a Vice-President of Business Operations with Aerotek Inc. Before Aerotek, Jeff had a successful career at TE Connectivity (formerly Tyco Electronics) as a Director of Manufacturing Operations where he led and managed several fully integrated advanced manufacturing facilities.

His expertise includes sales and operations planning, business strategy development, training, leadership, organizational development, operations management, talent acquisition, human resources, process improvement and quality systems management.

Jeff earned a BA in Business Administration from Belmont Abbey College and an MS in Organizational Management from Pfeiffer University. His post-graduate work includes Merger and Acquisition studies through Columbia Business School.

Jeff’s interests include teaching, mentoring, and the development of aspiring leaders. As a practitioner of organizational development, his passion is helping individuals and organizations transform, improve, and grow.

A lifelong resident of Western North Carolina, Jeff resides in Tryon, NC with his wife Tracy. He serves on UNC Asheville’s Department of Management and Accountancy board and is engaged in supporting entrepreneurs and business owners in the community.

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