Southampton, PA – September, 2024 – Benjamin Ross Group, a leading mergers and acquisitions/business brokerage firm (www.BenjaminRossGroup.com), is pleased to announce the successful sale of Astro Tool, a full-service machine shop located in Union County, NJ, to a private investor.
About Astro Tool
Established in 1965, Astro Tool is a precision machine shop that serves a variety of industries. A significant portion of their business focuses on supplying tooling and machine parts for the can manufacturing industry. Astro Tool produces hundreds of specialized parts, including ram parts, rollers, inner housings, and shafts, which are sold to companies that manufacture cans.
In addition to this niche, Astro Tool also offers water jet cutting services, which are used to create panels for industrial cabinets, architectural projects, and other custom items.
Gary Price, former owner of Astro Tool, shared his experience working with the Benjamin Ross Group: “My expectations were exceeded while working with Michael Lefkowitz, especially since other firms couldn’t sell my business. I was pleasantly surprised when we received multiple offers. The entire process went smoothly, and I would 100% recommend Benjamin Ross Group, as Michael accomplished what no one else could.”
About Benjamin Ross Group
Benjamin Ross Group (www.BenjaminRossGroup.com) performed a valuation of the company, was engaged as a business broker to sell the business, identified a qualified candidate to purchase the business, and secured SBA financing for the transaction. Benjamin Ross Group represents business owners who want to sell their businesses and leave their employees and customers in capable hands. We support our clients through the biggest business decision of their lives, so they can move on with confidence, peace of mind, and the most competitive price for their hard work. We sell 96% of the businesses we represent, compared to the national average of 20%. And we earn our clients’ trust because of our expertise, professionalism, and extensive network. For more information, go to: www.BenjaminRossGroup.com
