Manufacturer of process controllers, with history.
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Asking Price
$1,750,000
Detailed Information
Hartford, Connecticut, US
Not Provided
NA
Business Description
The business for sale is a manufacturer of process controllers serving various markets. They utilize two contract manufacturers for production and distribution, resulting in reduced overhead costs and facility needs. The company has a long history dating back to the late 1800s, with a legacy of innovation that was revitalized by the current owner. After facing challenges with previous ownership in the early 2000s, the business struggled with stalled innovation and operational issues. When a new LLC was established in 2019 under the current owner, significant improvements were made to streamline operations, reduce redundancies, and promote innovation once again. These changes led to increased profitability and gross margins, showcasing the potential for value-add through restructuring and operational efficiencies. To learn more about this opportunity, interested parties can access a Confidential Information Memorandum (CIM) by submitting a short online Non-Disclosure Agreement (NDA) via the provided link. The CIM, prepared by ProNova Partners, offers a comprehensive overview of the business and its potential