Industrial Controls Design & Manufacturing business #1037, serving the southeast Wisconsin area and been in business for 11 years, was recently sold for $643,000. The company generates an annual revenue of approximately $1 million and is growing by engineering and developing over 100 industrial control products for a variety of industries such as food processing, chemical, power, and others for industrial and commercial customers.
The acquirer, was attracted by the anticipated growth of this industry for industrial controls used for process manufacturing and the need for automation, the customized engineering of niche products, and the excellent customers which results in recurring revenues for the company. Larry Heck, who brokered the transaction, says “This acquisition was a good fit for both parties.”
