Aerospace and Defense Manufacturer​ (SOLD) - NEO Business Advisors
Case Study of Recent Transaction

Aerospace and Defense Manufacturer​

SOLD - NEO Business Advisors represented the buyer of IRBF Company of Tallmadge, OH to form IRBF Manufacturing in a strategic acquisition to expand into the aerospace and defense industry. 

Asking Price:  $350,000

Gross Revenue: $650,000

EBITDA: $100,000

FF&E: $150,000     Included?  Yes

Inventory:  $75,000     Included?  Yes

Real Estate:  Leased

Building Size:  5,000 SF 

Employees:  6 Employees (including owner)

Location:  Tallmadge, Ohio

Aerospace and Defense Manufacturer
Some Details of the Transaction Remain Confidential

Detailed Information

IRBF Company is a precision parts manufacturer offering CNC machining, assembly, coating and kitting of aluminum parts for the aerospace and defense industry.  

Real Estate: Real Estate was leased by the Seller including 5,000 sq. ft. manufacturing space with 200 sq. ft. office and 200 sq. ft. quality control room. 

Growth and Expansion: The business was an excellent strategic acquisition opportunity for someone already in the precision machining industry to acquire a company with long standing customer relationships.  The buyer was confident they could grow the business with existing customers as well as add new customers and end markets. 

Support/Training: Ownership was willing to include a 4-week transition period and sign on for a 1-year employment contract to facilitate a smooth transition.

Reason for Selling: Ownership seeking retirement.

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