Sell Your Manufacturing, Engineering & Distribution Business
The Precision Firm is a specialist sell-side M&A advisor and business broker for owners of manufacturing, engineering, and industrial distribution companies generating $2M to $100M in revenue. We represent owners only, work exclusively in industrial verticals, and operate on a 100% success-based fee — you pay nothing until your business sells.
Why Owners Choose a Specialist Manufacturing M&A Advisor
A specialist manufacturing M&A advisor sells your business for more, on better terms, in less time than a generalist business broker — because industrial buyers price your company on factors a generalist doesn't know how to defend. Equipment value, AS9100 and NADCAP certifications, customer concentration, working capital pegs, and OEM contract assignability are not in a Main Street broker's playbook. They are in ours.
The Precision Firm represents owners of manufacturing, engineering, and distribution businesses exclusively. We do not list restaurants, retail, professional services, or any consumer business — only industrial, technical, and B2B companies in the $2M to $100M revenue band.
What that specialization means for you as a seller:
We speak the buyer's language. Private equity platforms, family offices, and strategic acquirers in industrial M&A expect a CIM that addresses tooling, WIP, R&D capitalization, customer cohort retention, and program-based revenue. We build it that way the first time.
Our buyer network is pre-built for your sector. We do not "find buyers when we get a listing" — we maintain active relationships with PE platforms and strategics specifically acquiring CNC, aerospace, medical device contract manufacturing, automation, and industrial distribution.
We protect equipment and balance sheet value in negotiation. Generalists let buyers haircut your inventory and tooling on the working capital peg. We don't.
We are former operators ourselves. Matt Lowd and Dave Carlson have built, scaled, and sold their own businesses, and personally lead every engagement. Every client is represented by a partner — never handed off to a junior associate.
Recently Closed Transactions
Below is a sample of recent industrial businesses we have represented and closed. Every transaction listed closed at or above the seller's target valuation, under full confidentiality, with no broken deals at LOI.
| Business Type | Sale Price | Revenue | EBITDA | Multiple |
|---|---|---|---|---|
| PCB Manufacturer & Assembler | $14,575,000 | $14,800,000 | $2,650,000 | 5.5x |
| Electrical Manufacturing Company | $10,500,000 | $7,800,000 | $2,650,000 | 4.0x |
| Metal Fabrication Business | $5,500,000 | $7,600,000 | $1,000,000 | 5.5x |
| Signage Manufacturing Company | $2,700,000 | $3,600,000 | $700,000 | 3.85x |
| Medical Manufacturing Company | $2,400,000 | $2,000,000 | $550,000 | 4.4x |
| Plastics Manufacturing Company | $1,400,000 | $1,200,000 | $350,000 | 4.0x |
All transactions completed under NDA. Specific buyer and seller identities remain confidential. Redacted CIM samples and references available on request during your consultation.
Our 6-Step Manufacturing M&A Process
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A confidential, no-pressure call to learn your goals, timeline, financial situation, and what a successful exit looks like for you personally. No canned pitch — just honest advice from someone who has sold a business of their own.
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We produce a defensible valuation range using industrial comps, normalize your earnings, identify add-backs a buyer will accept, and flag concentration, working capital, or documentation issues that need to be addressed before going to market.
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We build a Confidential Information Memorandum that presents your operational depth, certifications, equipment, customer base, and growth runway the way an industrial buyer evaluates a target — not the way a generalist broker writes a listing.
Our sell-side M&A process is built from real closed transactions, not theory, and runs 6 to 12 months from engagement to wire — depending on business size, financial readiness, and buyer competition. Every step is led personally by Matt Lowd or Dave Carlson.
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We approach a curated list of qualified strategic acquirers, PE platforms, family offices, and independent sponsors active in your sub-sector. Outreach happens under NDA. Your name, your customers, and the fact that you are exploring a sale never appear in market materials until a buyer is qualified and signed.
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We run a competitive process to drive multiple LOIs, then negotiate not just price but the structure that determines what you actually walk away with: cash at close, escrow, earnout, working capital peg, R&W insurance, rollover equity, and seller note terms.
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We quarterback legal, financial, and operational diligence so you can keep running the business without dropping numbers in the most scrutinized 90 days of your career. Closing, funds flow, and transition planning are handled end to end.
What Manufacturing, Engineering, and Distribution Businesses Sell For
Industrial businesses in the lower middle market typically sell for 3.5x to 10x Adjusted EBITDA, with the multiple driven by sub-sector, certifications, customer concentration, equipment condition, and contract backlog. The table below reflects current 2026 ranges from closed transactions in our segment.
| Sub-Sector | Typical Revenue | EBITDA Multiple | Top Value Drivers |
|---|---|---|---|
| Aerospace & Defense Suppliers | $5M – $75M | 6.0x – 10.0x | NADCAP, ITAR, long-term agreements |
| Medical Device Contract Manufacturing | $3M – $50M | 5.0x – 8.5x | FDA QSR, ISO 13485, 510(k) clearances |
| Precision CNC & Machining | $2M – $25M | 5.0x – 8.0x | AS9100, customer diversity, machine vintage |
| Engineering & Automation Services | $2M – $20M | 4.5x – 7.0x | Licensed staff, recurring contracts |
| Injection Molding & Plastics | $2M – $30M | 4.0x – 6.5x | Tooling library, OEM contracts |
| Industrial & B2B Distribution | $3M – $50M | 3.5x – 5.5x | Supplier exclusivity, route density, GP margin |
| General Metal Fabrication | $1M – $15M | 3.5x – 5.0x | Backlog depth, equipment condition |
Multiples reflect closed transactions in the $1M–$100M revenue range and assume normalized working capital delivered at close. Outliers in either direction exist; your valuation will price your specific business, not the average.
The factors that move you to the top of these ranges:
Customer diversification — no single customer above 20–25% of revenue. Concentration above 30% triggers escrow holdbacks, earnouts, or repricing.
Recurring or contracted revenue — blanket POs, LTAs, and multi-year supply agreements are worth materially more than spot-buy revenue of the same dollar amount.
Quality and regulatory certifications — AS9100, ISO 9001, IATF 16949, NADCAP, ITAR, FDA QSR. Buyers pay for years of cost they don't have to repeat.
Equipment condition and remaining useful life — modern, maintained CNCs, presses, and inspection equipment lower the buyer's post-close CapEx requirement.
Management depth below the owner — a working GM, ops lead, or shop foreman is often the single largest unlock between a 4x and a 6x multiple.
Clean working capital and AR aging — predictable, defensible balance sheet accounts that survive a peg negotiation.
Who We Represent
The Precision Firm represents owners of industrial businesses with $2M to $100M in annual revenue across three verticals. We are a sell-side advisory firm only — we do not represent buyers in transactions where we also represent the seller.
Industrial Manufacturing — CNC and precision machining, contract manufacturing, OEM suppliers and component manufacturers, sheet metal and structural fabrication, welding and assembly, injection molding, stamping, and PCB manufacturing.
Engineering, Automation, and Technical Services — electrical, mechanical, and structural engineering firms, industrial automation and robotics, controls and PLC programming, design-build engineering, MEP and environmental engineering.
Wholesale and Industrial Distribution — industrial supply, MRO, B2B parts distribution, value-added distribution, warehousing and logistics with proprietary supplier relationships.
If you operate a business in one of these verticals and you are 6 to 36 months from a possible exit, the right next step is a confidential consultation. There is no fee, no obligation, and no pressure.
Confidentiality Is the Foundation of Every Engagement
Confidentiality is not a feature of our process — it is the foundation. A leak to your employees, customers, suppliers, or competitors can damage a manufacturing business well before a transaction closes, and we run every engagement accordingly.
Every inquiry is held under NDA from the moment it arrives. Your name, your financials, and the fact that you are exploring a sale are not shared with any buyer, broker, lender, or third party without your explicit written permission.
Buyers sign before they see anything that identifies you. Initial outreach is "blind" — sub-sector, revenue band, geography only. Buyers must sign an NDA before they receive your CIM, your name, or any document that identifies the business.
We vet buyers before we engage them. Financial capacity, sector experience, and reference checks happen before a buyer enters your process — not after they have your information.
We stage information disclosure across diligence. Customer names, key contracts, and employee details are released only as a buyer demonstrates seriousness and proceeds through stages of the process.
Frequently Asked Questions from Manufacturing Business Owners
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The Precision Firm is a specialist sell-side M&A advisor for manufacturing, engineering, and distribution owners only — we do not list restaurants, retail, or service businesses. Every engagement is led personally by Matt Lowd or Dave Carlson, both former operators who have built and sold their own companies. Generalist brokers apply Main Street SDE multiples and treat your equipment as used furniture; we value industrial businesses on normalized EBITDA, defended balance sheets, and real comparable transactions in your sub-sector. The result, on average, is a higher closing price, better deal structure, and a confidential process that protects your business from start to wire.
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The typical timeline to sell a lower middle market industrial business is 6 to 12 months from engagement to close, broken down roughly as: 1 to 2 months of preparation, valuation, and CIM build; 3 months of confidential buyer outreach and LOI generation; 3 months of negotiation and diligence; and 1 to 3 months of legal documentation, financing, and closing. Faster is possible when financials are clean and a strong buyer emerges quickly. Slower happens when documentation is incomplete, customer concentration is high, or the seller is testing the market without a real commitment to transact.
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The Precision Firm operates on a 100% success-based fee — there are no upfront retainers, no monthly fees, no listing fees, and no charge for the valuation or the consultation. You pay only when your business sells, and the fee is a percentage of the final transaction value disclosed and agreed in writing before we begin work. This model exists to align our incentives fully with yours: we earn when you exit at the right price, on the right terms, with the right buyer. If your business does not sell through our process, you owe nothing.
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The most expensive mistakes we see are: going to market with incomplete or messy financials, breaking confidentiality by telling employees or key customers too early, relying on a single buyer instead of running a competitive process, mispricing the business in either direction, allowing operational performance to dip during diligence, ignoring deal structure in favor of headline price, and skipping tax planning until after the LOI. The single largest preventable error is starting the process 6 months before you want to be done — a properly run industrial sale needs 12 months of runway, and the best outcomes come from owners who engage 18 to 24 months before they plan to exit.
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The best time to sell is when three things align: business performance is strong with year-over-year growth and clean financials, market conditions favor sellers (active PE deployment, strategic consolidation in your sub-sector, reasonable lending environment), and you are personally ready for what comes next. Most owners wait too long, often until burnout, a health event, or a customer loss forces the decision — and a forced sale always trades at a discount. The right move is to engage 12 to 24 months ahead, get a real valuation and exit-readiness assessment, and time your market entry deliberately.
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Buyers fall into four categories. Private equity platforms and add-on acquirers actively deploy capital into CNC, aerospace, medical device, automation, and industrial distribution roll-ups. Strategic acquirers — competitors, OEMs bringing capabilities in-house, suppliers integrating vertically, and international firms entering the U.S. market — often pay the highest multiples because of synergy value. Independent operators and search funds with SBA or investor backing acquire businesses in the $1M–$5M EBITDA range. Family offices and long-term holders pay for legacy and culture and often offer the most flexible structures. We run a process that puts your business in front of every relevant category to maximize competitive tension.
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Yes. We represent manufacturing, engineering, and distribution sellers across the United States. Our buyer network — PE platforms, strategics, family offices, and independent sponsors — is national, and most lower middle market industrial transactions involve buyers and sellers in different states. Geography is rarely a constraint on the right buyer for an industrial business.
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No — not unless and until you decide to tell them. Confidentiality is the foundation of our process. Initial buyer outreach is blind (sub-sector, revenue band, and geography only), buyers sign NDAs before receiving anything that identifies your business, customer names and employee details are released only in late-stage diligence, and we coordinate all site visits and communications to protect your team and your customer relationships. Most of our clients close their transactions without a single employee learning about the process until announcement day.
Request a Confidential Consultation
The first step is a 30-minute confidential conversation with Matt or Dave. No fee, no obligation, no pressure. We will discuss your business, your timeline, and whether a sale makes sense for you now or in the future.