The target is a growing company with a distinguished Patent Portfolio that has become a market leader in its space by becoming the leading innovator in the Receptacle Box sector (including electrical, data, telecom and fire).
This tech company features over 160 patents under management, spanning the globe and ranging from domestic household to commercial / industrial and military / government grade equipment with GSA approval. With a global patent portfolio of 137 issued and 23 pending patents (including UAE, one of the fastest-growing construction markets on the planet), this business provides significant intellectual property coverage and the next generation technology for this $10 billion annual product segment.
The expansion opportunities for this patented technology are truly global in scope and include direct business to business (B2B) sales (commercial builders & contractors), big box retail sales to the likes of Home Depot and Lowes, as well as on a wholesale basis to domestic and international distributors. In the right hands, we strongly believe the new owner can grow significant market share, scale revenue, and increase licensing partners that are well in excess of $100 million dollars annually (only 0.3% market share!).
This proprietary product line is currently specified for over 3,200 projects worldwide, with existing installations including multiple Disney theme parks, Simplex Grinnell, Siemens, US DOD, multiple international airports and universities/hospitals to name only a few – in Disneys case, the client approached this company directly to have a product developed for their own proprietary use in all their facilities worldwide – with such high-profile clients having recognized the companys astute attention to detail and industry-leading quality engineering, the companies brand has become a household name in its space, having very truly revolutionized the way what otherwise might be considered mundane electrical components, but now these products are demanded in specs to be specified, installed and utilized on job sites around the world.
These products set themselves head and shoulders above competitors with superior safety, reliability and durability to such a great extent that even the US Department of Defense has specified their products as a standardized in-wall outlet for the entirety of the Pentagon and its ancillary facilities – a bulwark in this segment that clearly spells out the products value proposition to literally any customer, regardless of private or public sector.
For almost twenty years, this trendsetter has maintained and curated an outstanding IP portfolio in the electrical components space that would take nearly any commercial or residential-oriented existing offering into the stratosphere with such a robust and high-profile history, client base, and quality level – this is an exceptionally well-priced IP acquisition opportunity in every regard.
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