CIP Capital Advisors, LLC is leading a sell-side mandate for an integrated manufacturer of metal fascia parts and assemblies having direct relationships with major OEM automotive manufacturers, including leading electric vehicle (EV) manufacturers. Since launching the business in 1962, the owners’ leadership has invested heavily in the Company’s respected brand, establishing a sterling reputation for producing and delivering high-quality metal parts as a direct supplier to global automotive manufacturers. The Company’s capabilities and reputation have led to substantial relationships with both legacy OEMs as well as with leading EV manufacturers, including Tesla.
The Company’s deliverables comprise a full spectrum of solutions; from tooling development to try-out to prototype and full production runs. Its capabilities span a broad gamut of processes including: roll-forming, stamping, aluminum extrusion fabrications, PVC extrusions, coating, metal finishing and inspection/assembly operations. The Company has its headquarters in Southeast Michigan and operates from nearby plants yielding a combined 220,000 square feet of operating, warehouse and administrative capacity.
For fiscal year 2022, the Company estimates revenue of $46 million with EBITDA approximating $5.0 million, with higher volume and earnings levels experienced by the Company in recent pre-pandemic years. And now, substantial new business awards have created much higher forward revenue expectations which range from $107 million in 2023 to over $130 million for 2026, with accompanying annual EBITDA ranging from $19.2 million for 2023 to $23.6 million for 2026.
The Company has been awarded five “Supplier of the Year” Awards over the past three years and is well positioned to capitalize on its solid brand, reputation and industry expertise and to expand market share by leveraging a larger capital base through a business combination.