Engineering & Product Development Firm Serving Medical Device Industry

This opportunity represents the acquisition of a long-established engineering and product development services firm located in the Upper Midwest. Operating for more than three decades, the company has built a strong reputation providing design, engineering, and manufacturing support services to leading organizations in highly regulated industries. The business specializes in supporting clients through the entire product development lifecycle—from early concept and design through prototyping, tooling, and production support.

The company primarily serves the medical device and advanced technology sectors, which account for the majority of revenue. Its clients include large, globally recognized manufacturers as well as emerging innovators requiring specialized engineering expertise. Projects typically focus on research and development initiatives, manufacturing tooling, automation concepts, and engineering design services that support both product development and production processes.

Revenue is generated almost entirely through engineering services, with projects typically ranging from $5,000 to $20,000 in value but can be as high as $300,000. Assignments vary in duration from a few days to several weeks depending on project scope, while larger equipment builds can extend longer. Work is primarily performed on a time-and-materials basis, providing flexibility for both the company and its customers.

The firm benefits from a loyal client base developed over many years of delivering reliable, high-quality engineering solutions. Approximately 90–95% of revenue comes from repeat customers, demonstrating the strength of these relationships and the company’s reputation for delivering consistent value. The customer base includes multiple divisions within several major medical technology companies, creating diversification within large accounts and reducing dependence on any single facility or product line.

The business is supported by a small, experienced team consisting of engineering and design professionals as well as administrative support. Collectively, the team brings decades of industry experience and maintains direct relationships with clients. This collaborative structure allows the company to operate efficiently while maintaining high service levels and technical expertise.

In addition to in-house design capabilities, the company maintains established partnerships with trusted fabrication and machining vendors who assist with prototype and tooling builds. This hybrid model allows the business to deliver complete engineering solutions without requiring significant capital investment in manufacturing infrastructure. The company also utilizes widely adopted engineering software platforms and maintains the necessary systems to support efficient design and documentation workflows.

The company operates from a modest leased office space and does not require specialized facilities to conduct operations. Engineering work is performed primarily using professional CAD software and standard office technology, making the business relatively easy to transition and scale.

The owner is seeking to transition the business as part of a planned retirement and is willing to assist during a transition period to ensure continuity with clients and employees.

This opportunity is well suited for an individual engineer, engineering services firm, strategic buyer, or manufacturing organization seeking to add specialized design and development capabilities along with an established customer base in the growing medical technology sector.