Today’s podcast is a “Best of Swarfcast” from Summer of 2019, a two-part interview we did with John Habe IV, President of Metal Seal Precision, a machining company based in Mentor, Ohio.
Over the last several years, John has grown Metal Seal Precision both organically and through major acquisitions. According to John, growing through acquisitions can be financially rewarding but does not come easily. John discussed the difficulty in buying companies, which often have emotionally attached owners. He also talked about how he calculates the buy price of a company. He looks at cashflow, often called EBITDA in the acquisitions business, as well as criteria such as product sector, customer diversity, and management style of the current ownership.
CLICK HERE to listen to PART 1: Ep. 41 – John Habe IV on Growing a Machining Business through Acquisitions
CLICK HERE to listen to PART 2: Ep. 42 – John Habe IV on Valuing a Machining Business
Question: Is this a good time to go into the machining business? If so, what sector?