Precision Machining Inc

CNC Manufacturing

Grand Rapids, MI, USAFounded 199252 employees

72% match score

Precision CNC machining and metal fabrication company serving automotive, aerospace, and industrial equipment manufacturers. ISO 9001 and AS9100 certified.

Revenue

$6.2M

8% YoY growth

EBITDA

$930K

15% margin

Asking Price

$4.7M

EBITDA Multiple

5.0x

4.2x SDE

Financial Details

Gross Margin

32%

EBITDA Margin

15%

SDE

$1.1M

Revenue Multiple

0.75x

Revenue Growth (3yr)

4%→6%→8%

Add-backs

Owner compensation above market$120K

Depreciation add-back$35K

Owner vehicle/travel$15K

Ownership & Transition

Owner

Frank Miller

Owner Age

71 years old

Tenure

32 years

Involvement

part time

Transition Reason

retirement

Readiness

immediate

Management Team

John Schmidt· Plant Manager

15yr tenure

Carol Adams· Quality Director

12yr tenure

Bill Jackson· Engineering Manager

8yr tenure

Strategic Overview

Market Position

Tier 2 supplier with aerospace certifications and automotive OEM relationships

Competitive Advantage

AS9100 certified, 5-axis CNC capabilities, established supply chain relationships, skilled workforce

Customer Concentration

18%

Top customer as % of revenue

Revenue Type

project

Contract backlog: $2.8M

Growth Opportunities

Expand aerospace work
Add automation equipment
Enter medical device manufacturing

Key Risks

Customer concentration
Skilled machinist shortage
Capital equipment needs
Automotive EV transition uncertainty

Industry Trends

Reshoring of manufacturing, EV transition creating new opportunities, automation investments.

ManufacturingCNCAerospaceAutomotiveSource: M&A Advisor

Precision Machining Inc

Financial Details

Ownership & Transition

Strategic Overview

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