Capital Equipment Engineering and Design Firm

This established company, in operation since 1980, specializes in the engineering, design, and assembly of capital equipment for material formability testing and hydroforming. It also provides contract manufacturing services using its hydroforming equipment, serving a diverse range of industries with a broad portfolio of products and services. The company boasts a strong financial outlook for 2024, driven by an $8.4 million backlog, projecting over 30% YoY revenue growth and over 50% YoY adjusted EBITDA growth. Revenue has shown impressive growth, with a 24.5% CAGR from 2021-2023. The business offers multiple revenue streams, from parts production to capital equipment design, and manufactures systems capable of unique features not found with traditional methods. Opportunities for growth include expanding hydroformed parts offerings (e.g., bicycle components), building larger press systems, increasing recurring revenue from tooling and parts, and capitalizing on the growing bellows hydroforming market.