Sold. Engineering Contract Design Firm

The Business for sale is in Texas: a well-regarded and rapidly growing contract engineering firm. The company provides product development design and testing services for embedded, real-time, mission-critical control systems for diverse applications, including medical/biotech, avionics, industrial control, automotive and military. Core capabilities include software development (45 percent of sales), validation testing (35 percent), electronics design (10 percent), risk analysis (5 percent), and project management (5 percent) services.
The company provides its services principally to regulated industries in three major market segments throughout the U.S. Medical and biotechnology clientele account for the majority (60 percent) of sales, followed by industrial (30 percent) as well as defense and aerospace (10 percent) customers. A blue chip customer base includes Medtronic and Baxter Healthcare. Moreover, the customer base has expanded significantly over the last two years, increasing from less than 20 in 2009 to 35 unique clients in 2010, with no single account contributing more than 15 percent of revenue.
The company’s Quality Management System has earned ISO 9001:2008 and ISO 13485:2003 certifications applicable to targeted regulated industries. The company’s strong customer relationships, proven capabilities, and outstanding reputation in the marketplace present strong platforms to increase market share through the injection of capital and human resources."

Market / Competition / Non-Competition Agreements
The company’s excellent reputation, proven capabilities, and loyal customer relationships are key competitive advantages and provide outstanding platforms to increase market share. The addition of capital and human resources, increased business development efforts, and geographic expansion clearly present likely areas for immediate growth.