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MidWest Manufacturing Co.

Specialty Manufacturing / Precision Machining · Asking $145.6M (8.0x Management Adjusted EBITDA)

Confidential Information Memorandum

MidWest Manufacturing Co.

Specialty Manufacturing / Precision Machining

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Executive Summary

MidWest Manufacturing Co. ("MidWest" or the "Company") is a specialty manufacturer of precision-engineered components for the heavy equipment, agricultural machinery, and oil and gas sectors. Headquartered in Dayton, Ohio, MidWest has been in continuous operation since 1987 and has developed a reputation for technical excellence and reliability among its blue-chip customer base.

The Company generated $80.4 million in revenue and $18.2 million in Adjusted EBITDA (22.6% margin) for the fiscal year ending December 2024. MidWest benefits from proprietary tooling and process engineering capabilities that create meaningful barriers to entry for competitors.

Investment Highlights:

  • 37-year operating history with deep customer relationships
  • Proprietary tooling and manufacturing processes for mission-critical components
  • Blue-chip customer base including three Fortune 500 OEMs
  • Asset-light relative to peers (high utilization of existing capacity)
  • Significant pricing power on proprietary parts with no off-the-shelf alternatives

The selling shareholders are seeking a valuation of $145.6 million, representing approximately 8.0x 2024 Adjusted EBITDA.

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