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Our client is an ISO 9001-2015 certified manufacturer of power supply components to US-based OEMS who export their products overseas and to distributors. End customers of these products include any type of electrical products including industrial and medical equipment.

The Company has the equipment, tooling, and licenses to produce components for many foreign countries including the United Kingdom, Continental Europe, Italy, Switzerland, Australia, and many more. There are very high barriers to entering this market because of the expense of both the molds and machinery needed to make these products together with the multi-national permits and licenses.

With very little competition, the Company’s only domestic competitor is priced 2-3 times higher and can only produce on a small scale. While there are many providers of these products in the US, there are only two that manufacture here. The rest are distributors, most of whom are customers of the Company

The US electrical products wholesalers industry includes about 14,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $155 billion.

Domestic demand for electrical products is forecast to grow at an annual compounded rate of 3% between 2019 and 2023.

As one of only two companies that manufacture their core products in the United States, the Company is well-positioned for growth.