The Company provides branded and private label state-of-the-art devices for the detection and prevention of fraudulent transactions. Core products authenticate documents and currency and are installed in thousands of retail locations and banks and in more than 200 U.S. airports at security checkpoints to authorize ID documents. The Company’s proprietary software solution is used to conduct high-level forensic authentication of identity documents and could offer an acquirer a recurring licensing revenue stream.
The Company acquired 486 new customers in 2018 and typically has 2,000 accounts with active transactions. As a result of strong relationships with its blue-chip customer base, the Company is poised for growth. Management believes its new, more focused sales strategy will position the Company to secure larger, more lucrative deals in 2019 and 2020.
The Company is a market-leading, vertically integrated manufacturer of custom window treatments for both commercial and residential. The parent company sells primarily to commercial customers, serving an impressive list of retailers, financial institutions and restaurants plus large architectural projects like hospitals, schools and offices. The East Coast plant sells primarily through a wholesale model to the design trade and the smart home integration market focused on residential. The Company is one of just a few window-covering manufacturers in the U.S. that have the capability to engineer, fabricate, install and service their products.
Management conservatively projects 6% top-line growth in 2019 driven by a 3-year, $3 million contract just signed with a key customer and additional business expected from existing customers. In addition, two new customers ($1.6 million in contract value) were recently acquired, and 2020 will see the launch of several new, advanced technology product offerings.
Offering the most advanced access control systems and technology-enabled, self-service kiosks, the Company serves clients in public and private sectors. The Company’s diversified portfolio of high-tech products enable clients to offer high-level security and enhanced convenience to their customers. The Company also provides on-site or remote integration with existing systems, configuration, installation, monitoring, repair and maintenance on all of its products. The Company has 170-190 active accounts at any given time. Resellers account for 45% of sales, while banking and financial services accounts for 43%. Export markets include Spain, England, China, Saudi Arabia, Qatar, Lebanon, Colombia and Mexico.
For 2019, two new products are ramping up for production with a planned launch in the first quarter. Additionally, several other products are in the design and prototype stages.
The Company designs and manufactures accessories for the automotive, motorcycle and marine aftermarkets. Sales channels include national retail chains, e-commerce sites, mail order retailers, and various specialty and industrial wholesalers. The Company typically serves 220 accounts and has a high rate of repeat business; no single customer represents more than 10% of annual sales. Most products are exclusively designed and branded by the Company, and many high-margin items are patented. Production largely is outsourced to a network of 20 longtime contract manufacturers.
A well-recognized brand and creatively designed packaging make the Company’s products particularly appealing to retailers and their customers. Packaging features QR barcodes that deliver product information and demos online when scanned by any mobile device.
Founded in 1961, the Company is the preferred supplier of custom gravel and sand products to utility companies and their construction subcontractors. With an active base of 100 customers at any given time, many customers have been with the Company for over 25 years. The Company operates from a 50-acre gravel pit and has access to two additional pits with 40 acres each. Gravel products are crushed for a broad range of applications such as pipe bedding, drainage, seepage holes, roadways, landscaping, walkways and driveways. Sand product is used to line trench bottoms for utilities and for private projects. The Company produces all grades and types of sand and gravel for residential and commercial applications.