Precision Components Company for Sale in Irvine, United States

The company has a 40-year history in the precision machining marketplace. It is a third-tier supplier in the aerospace industry with the ability to make complex physical parts, hold inventory, and have long-term agreements with its clients to produce parts for scheduled deliveries.

As a small business enterprise and a leader in its marketplace, it strives to provide dedicated customer service, best-value solutions and exceptional quality using the newest machining and manufacturing technologies.

The company believes its success comes from its ability to build long-lasting relationships with its customers, suppliers, and employees.

Company leverages the unique skills of each employee by encouraging a team-building environment to tackle any challenge that comes its way. Through consistent interaction with its customers, suppliers and employees, the company envisions its customers’ products and develops plans to execute them with the utmost efficiency and reliability.

The Company operates out of a 12,000 sq ft enclosed facility and 6,000 sq ft back areas for staging, sawing and stocking close to Irvine, California.

Besides the owner, the business is staffed with an operations manager, a manufacturing manager, an office manager, and several machinist and technicians.

The company has a stellar reputation with its customers and works very hard to maintain it. It serves customers across the USA and excels in manufacturing a large variety of parts with dynamic delivery schedules with consistent precision and quality.

Company’s core competencies of accuracy and online delivery have contributed to its long-term success in the aircraft and aerospace market.

Even though the company does not have a large customer base, its customers are very loyal and consistent due to its focus on persistent quality, solid relationships, and people-oriented service.

The company has solid prospects for growth by adding some new customers in the medical, industrial, and automotive parts aftermarket.

Since the pandemic and other world events, there seems to be a trend of onshoring and manufacturing within the USA, which is contributing to a robust forecast for a very strong current year, which is expected to be more than 20% year over year.

* Company & Market Highlights:

- The business was purchased by the current owners in 2015 and, with the exception of the Covid impact, has had consistent growth and profitability year after year since.

- Managed by an experienced team with well-defined roles and job responsibilities.

- Produces detailed financial results on a weekly basis, including a cash forecast of all of the company’s inflows and outflows on a rolling 13-week (1 business quarter) basis.

- Leverages technology to control the manufacturing process variance control to become more operationally efficient.

- Created expansive operating procedures that standardize more exceptions, so they are not effectively exceptions. Rework the 80/20 rule at the employee level with the best hardware and software tools to enable the right information to be available to make decisions, rather than excessive time researching anomalies that waste time and possibly create poor quality parts.

- Reduced physical paper to electronic document flow and has speeded up information flow that allowed multiple people and departments to access the data in parallel. Enabled more collaboration of common information to find and fix anomalies and details faster and with less labour effort.

- Operationally focused to solve root problems that lead to exceptions. Exceptions are the root of inefficiency. Interdepartmental communication needs to be efficient and optimized to reduce miscommunication or incomplete information. Extensive employee training and frequent process reviews are performed as processes evolve and improve. The company culture has this ever-evolving approach to viewing operations.

Company manufactures high-end aerospace and commercial CNC products. It is a third-tier supplier in the aerospace industry with the ability to make complex physical parts, hold inventory, and have long-term agreements with its clients to produce parts for scheduled deliveries.

USD 3,000,000 worth of CNC equipment.

USD 2,000,000 worth of materials and inventory for the working capital target.

12,000 sq ft manufacturing facility. State-of-the-art CNC machines run by experienced technicians.