Real Estate Available
Project Rocky is a full-service metal fabrication, machining and finishing company comprised of two entities: Rocky, the metal manufacturer; and FinishCo, the “sister” finishing company. Located in a major city west of the Mississippi, the Company serves the medical, industrial, aerospace, agricultural and telecommunications industries as a one-stop-shop for metal and plastic parts, components and complex assemblies built to spec and quality tested in their high-tech engineering lab (ISO 9001:2008 and AS9100C:2009 certified). In 2016, Rocky and FinishCo generated $12.3M in revs. They are on track through July 2017 to hit approximately $13M in revenues and approximately $2M of EBITDA (before any adjustments made for owner-discretionary expenses).
Rocky and FinishCo operate from approximately 110k s.f. of combined facilities. Each operation leases the real estate from a related LLC. The real estate entities are also available for purchase at FMV.
Market Outlook / Competition
Rocky enjoys capacity to support a $20M operation. There is additional open s.f. in their plant, as well as significant excess capacity on the Company’s equipment. More work exists regionally for Rocky in aerospace, architectural builds and machining. Rocky has IP for building structural panels used in several products. Finishing is done in one shift and most equipment is run one shift. There is a small, second shift utilized occasionally to support time commitments.
Several local and regional competitors provide similar, but less complete, services. Rocky’s recently expanded machining division, along with the finishing facility, allows them to be a highly valued, one-stop-shop for customer metal manufacturing needs. This, in addition to the quality certified products and positive customer experience, sets Rocky apart from competitors.