Empire Business Solutions, a leading independent business brokers in Los Angeles County and Orange County, California is pleased to announce another deal closed on Oct 1, 2019. Empire represented Pacific-Tek, Inc of Anaheim, California who was been purchased by Advanced Manufacturing & Fabrication, Inc (AMF) an Arizona Corporation.
AMF is primarily a component manufacturing and wanted to move to finished product manufacturing in a space where they could utilize their manufacturing expertise. They also sought a product line which had the potential for big upside revenue growth in sizeable industry. After much searching, AMF decided on Pacific-Tek which checked off the right boxes.
Kirk Preston, President and Owner of Pacific-Tek, said “AMF’s acquisition of Pacific-Tek is a win-win. AMF brings great expertise and manufacturing capabilities to the table which will help Pacific-Tek grow to the next level”
Pacific-Tek, Inc was a manufacture of equipment used by municipalities and contractors. Their primary products were valve exercisers and vacuum excavators.
Pacific-Tek has, since 1993, has manufactured specialty equipment which is sold to cities/municipalities, contractors and gas companies. The company produces a variety of units in each category that is sold throughout the United States directly and through a network of dealers. Company’s advantage over competition is 1.) quality of product which last longer, 2.) Ability to customize products to customers specification, 3. Pricing about 10% less. The company has 11 employees plus owner and manufactures its products in a 14,700 sq ft facility.
• 80% of Revenues are through 16 dealers nationwide and more can be added
• Profits increased this year due to cost cutting and other initiatives
• Price Includes inventory, all equipment, and backlog.
• Company has two Patents Pending and two Trademarks
• Revenue breakdown is 84% Mfg. Products, 11 % Parts, 5% Service
• Manufacturing, Fabrication and Assembly in house.
• Licensed Truck and Trailer Manufacture
Empire Business Solutions is a 15-year-old Merger & Acquisition company dedicated to the needs of business owners. As experienced M&A professionals, with over 85 successful deals, Empire Business Solutions is one of the premier, independent business brokers in California.
Contact Roy Moss, President of Empire Business Solutions at 714-374-6430 to discuss the process in selling a business in Orange County. Empire has been in business since 2005 and is considered a leading California business broker with offices in Orange County and Los Angeles with primary emphasis on businesses in the $2.0 mil-$10.0 mil revenue range. For more info please visit our website https://empireoc.com
Company :-EMPIRE BUSINESS SOLUTIONS
User :- Roy Moss
Url :- http://empireoc.com