Wireless Product Engineering Firm (#1122)

Status: Active

For the past 20 years, this hardware engineering and testing firm has steadily grown by designing, developing, and field-testing commercial grade wireless products for Fortune 50 clients. As a leading outsource provider in the booming IoT industry, the company is now well positioned to rapidly scale both its services and in-house product lines under new ownership. In 2022, a major client in the broadband industry opened over a $1M purchase order which, as expected, significantly increased 2023 revenues and profitability further demonstrating the high potential for growth in the business. With over 50 active clients, the strong reputation of this business provides an ideal acquisition for an industry buyer looking to instantly add engineering and/or testing capacity or for a synergistic acquirer searching for a strategic add-on opportunity. The current owner is willing to stay onboard under a new ownership structure.

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