*not included in asking price.
Power Supplies and Systems Distributor
The Company sells power supplies, converters, and other power-related products, and acts as the North America authorized/franchised distribution center by its manufacturing partners for sales and applications support. It is a unique distributor with a focused and synergistic line of only power products, offering over 10,000 standard products from over 19 “best in class” power product manufacturers located in the US, Canada, Europe, Japan, and Taiwan.
The Company serves over 700 recurring customers, primarily small, medium, and large quantity OEM accounts in industrial (35% of 2015 sales), contract assembly (20%), medical (12%), instrumentation (8%), telecom (7%), datacom (7%), and other (11%) markets.
It operates from a 3,100-square foot office/warehouse facility, and employs 5 full-time and 6 part-time, non-union workers, including 4 salespeople and 5 administrative workers. The sales force and experienced staff are extremely knowledgeable regarding the Company’s broad power equipment product lines.
- Not included in asking price
- Growth & Expansion:
- Strong Supplier Relationships: The Company has well-established supplier relationships and distributorships, and has been working with each of its top 5 suppliers for over 10 years.
Diversified Customer Base: No single customer accounted for more than 10.5% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.
National Reach: The Company sold power products to customers in over 45 states in 2015, including California, which averaged 11% of annual sales during the historical period. In addition, customers in Canada represented 10% of 2015 sales.
- Reason for Selling:
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