Our company grew from the accumulated knowledge and experience of a group of business consultants and equity lenders. We have made millions for other people and decided to use our collective abilities to buy existing and profitable companies, merge them with similar companies creating a larger entity and adding market opportunities to make them grow. British Columbia is on the cusp of a resource boom with private companies spending $1 trillion on pipelines, LNG plants, refineries, container faculties, private energy projects and 44 new mineral mines. The government will spend an untabulated amount on 39 new bridges , road and rail upgrades and a new $8 billion hydro dam. It is our intention to participate in this boom by supplying machined, fabricated and welded items to the builders of the infrastructure.
Intent Manufacturing Inc. IMI) is a holding company in which investors would hold preferred shares and is the vehicle for a roll-up of manufacturing concerns and other profitable businesses. We have targeted a certified pressure vessel manufacturing company with revenues of $9 million that throws off $2 million in unencumbered cash per year. The company is debt free, growing, has a platinum, top tier customer list, is ASME certified and can be in the vanguard for supplying the oil and gas companies. The workforce is young, and well trained. Existing management will stay for 3 years and we have an option to buy the building.
The asking price is $11 million and we have raised $5 million including our own equity.
the long term plan for IMI is to acquire several other pressure vessel manufacturers and dominate the market. This will be a $100 million project.