The Company provides sharpening and repair services to the wood industry from owner occupied facilities, specializing in tooling for panel mills (e.g., plywood, oriented strand board or OSB, particle board, medium-density fiberboard or MDF, and high-density fiberboard or HDF). It differentiates itself as a service company, offering sharpening and repair services for the cutting tools its customers use to produce their products. The Company also offers customers a variety of readymade cutting tools from several vendors and can custom design and build tooling for special applications. It sells to board mills (57% of sales in 2024) as well as millwork/cabinet makers (18%), metal fabricators (4%), and others (21%).

INVESTMENT APPEAL

Superior Name and Reputation - Founded in 1997 and under second generation ownership, the Company has an excellent reputation as one of the best sharpening and repair companies in the timber industry.

Strong Client Relationships - The Company has clients across the US, including industry leaders, with long-term relationships.

Strong Historical Sales and Earnings Growth - Revenue grew at a 10.0% CAGR between 2022 and 2024. Earnings as measured by EBITDA grew at a 14.5% CAGR over the same period.

Favorable Outlook for Primary Target Market Growth - Revenue (in current dollars) for US sawmills and veneer, plywood, and engineered wood products manufacturing is forecast to grow at a CAGR of 4% between 2024 and 2029, based on changes in physical volume and unit prices.