Orange County, CA, October 11, 2019 --(PR.com
)-- Empire Business Solutions, a leading independent business brokers in Los Angeles County and Orange County, California is pleased to announce another deal closed on Oct. 1, 2019. Empire represented Pacific-Tek, Inc. of Anaheim, California who was been purchased by Advanced Manufacturing & Fabrication, Inc. (AMF) an Arizona Corporation.
AMF is primarily a component manufacturing and wanted to move to finished product manufacturing in a space where they could utilize their manufacturing expertise. They also sought a product line which had the potential for big upside revenue growth in sizeable industry. After much searching, AMF decided on Pacific-Tek which checked off the right boxes.
Kirk Preston, President and Owner of Pacific-Tek, said, “AMF’s acquisition of Pacific-Tek is a win-win. AMF brings great expertise and manufacturing capabilities to the table which will help Pacific-Tek grow to the next level.”
Pacific-Tek, Inc. was a manufacture of equipment used by municipalities and contractors. Their primary products were valve exercisers and vacuum excavators.
Pacific-Tek has, since 1993, manufactured specialty equipment which is sold to cities/municipalities, contractors and gas companies. The company produces a variety of units in each category that is sold throughout the United States directly and through a network of dealers. Company’s advantage over competition is 1.) quality of product which last longer, 2.) Ability to customize products to customers specification, 3. Pricing about 10% less. The company has 11 employees plus owner and manufactures its products in a 14,700 sq ft facility.
80% of Revenues are through 16 dealers nationwide and more can be added.
Profits increased this year due to cost cutting and other initiatives.
Price Includes inventory, all equipment, and backlog.
Company has two Patents Pending and two Trademarks
Revenue breakdown is 84% Mfg. Products, 11% Parts, 5% Service
Manufacturing, Fabrication and Assembly in house.
Licensed Truck and Trailer Manufacture
Empire Business Solutions is a 15-year-old Merger & Acquisition company dedicated to the needs of business owners. As experienced M&A professionals, with over 85 successful deals, Empire Business Solutions is one of the premier, independent business brokers in California.
Contact Roy Moss, President of Empire Business Solutions at 714-374-6430 to discuss the process in selling a business in Orange County. Empire has been in business since 2005 and is considered a leading California business broker with offices in Orange County and Los Angeles with primary emphasis on businesses in the $2.0 mil-$10.0 mil revenue range.