USA Furnace Builder Sold?

For some time now “The Monty Heat Treat News” has been aware of a smaller heat treat furnace builder in Michigan, USA being for sale. The prospectus has this to say about the company;

“Established over 25 years ago, this company specializes in engineering, manufacturing, installing, and servicing industrial heat-treat furnaces and equipment. It produces very stable revenue and cash flow and has never been greatly affected by economic changes. Clients are mostly nationwide and come from a variety of industries, including auto, aviation, and commercial. The company has a management team in place, and the owner, who is the primary manager, is willing to stay on for an extended time past transition. The company is located in Washtenaw County, Michigan, USA and has annual revenue of $7,858,000, Net cash flow of $1,965,000 and an asking price of $8.5 Million USD.”

Recent on line reports have an offer being made by a buyer with the vendor accepting. Based upon the description above, this can be one of only two firms in Michigan-we expect that “The Monty” will be reporting in the medium term on the identity of both the buyer and seller.