Automation Technology is a distributor of industrial components and equipment that provides automation for industrial assembly and production lines.
Our project is for the acquisition of a hydraulic repair facility that has significant synergy with Automation Technology. The project company's sales are
approximately 2.4 M with 10%net profit. The company has been appraised at $1,140,000 plus the property at $960,000. Automation Technology is proposing
an acquisition for 2M and the seller has accepted. The combination of the two companies will quickly reach 10M in sales and then look for another acquisition.
The owner of Automation Technology is looking to grow the company to 20M and then exit.
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