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BLACKLEAF

Project Precision

SKU BLW-PP-0725
Price

R30 000 000,00

Overview

Project Precision is a highly reputable precision engineering firm based in Port Elizabeth, Eastern Cape. Established in 1981 and privately held by three shareholders, the company has built a legacy of engineering excellence over more than four decades. It is a strategic supplier to South Africa’s automotive, manufacturing, and industrial sectors.

 

The company specializes in the design, fabrication, and maintenance of high-tolerance tooling, jigs, dies, fixtures, and specialized components. With end-to-end capabilities from prototyping to large-volume manufacturing, Project Precision offers full-service solutions trusted by leading OEMs and Tier 1 suppliers.

 

With the owner nearing retirement, a strategic sale of the business is being explored — offering a full acquisition or 50% equity partnership to investors looking to enter or scale within the industrial engineering and tooling space.

 

Key Details

  • Asking Price: ZAR 30,000,000 (for 100% equity)

  • Annual Revenue: ZAR 5,700,000

  • EBITDA: ZAR 1,880,000

  • Location: Port Elizabeth, Eastern Cape

  • Established: 1981

  • Legal Structure: Privately Held

  • Shareholders: 3 (Owner-led, retiring)

  • Industry: Precision Manufacturing & Engineering

 

Operations & Capabilities

Project Precision delivers full-cycle manufacturing and engineering services, including:

  • Design and manufacturing of tooling, jigs, fixtures, and high-tolerance dies

  • Reverse engineering and prototyping

  • High-volume component manufacturing

  • In-house CNC machining, milling, grinding, EDM, and finishing

  • ISO/TS 16949:2009 and ISO 9001:2008 process alignment

  • Apprenticeship and internal talent development program

Its 15–20 skilled toolmakers and machinists form the backbone of a precision-focused operation, delivering consistent quality and performance for clients with rigorous engineering standards.

 

The company is known for its “first-time-right” production culture and superior supplier performance ratings.

 

Client Base

Project Precision services a wide array of industrial clients, with a primary focus on:

  • Automotive OEMs and Tier 1 suppliers

  • Industrial manufacturers and component suppliers

  • Export-oriented fabrication businesses

  • Long-standing client contracts and recurring project work

 

Investment Highlights

  • Established Market Leader: 40+ years of proven performance and trusted delivery

  • Strategic Sector Fit: Aligned with localisation trends, OEM demands, and re-shoring of industrial capacity

  • Recurring Income: Stable long-term contracts with automotive and industrial clients

  • Succession-Ready: Key management willing to remain post-transaction for handover and growth

  • Growth Potential:

    • Expand into renewable energy, rail, and defence sectors

    • Digital transformation and automation of key processes

    • Upside through BBBEE rating improvement (currently Level 6)

  • Workforce Development: Internal apprenticeship program ensures sustainable skilled talent pipeline

 

The Transaction

The seller has set a valuation of ZAR 30 million for 100% equity, or ZAR 15 million for a 50% stake. The business includes significant net asset value, audited financials, and a clean operational and regulatory standing.

 

The opportunity is open to private equity, industrial conglomerates, or strategic investors looking to leverage precision manufacturing infrastructure, legacy client relationships, and future-facing sector positioning.

All Listings are legally authorized and under representation by BlackLeaf Advisory Group (Pty) Ltd. BlackLeaf Business Marketplace is a division of BlackLeaf Advisory Group.

Disclaimer

All information presented in this listing has been provided directly by the seller or their appointed representatives. BlackLeaf Advisory has conducted preliminary due diligence and confirms that, to the best of our knowledge at the time of listing, the information is accurate, complete, and reflective of the company’s operational and financial standing.

However, BlackLeaf Advisory makes no representations or warranties, express or implied, as to the ongoing accuracy, completeness, or fitness for any particular purpose of any information contained herein. Certain details may have changed since the time of listing, and additional material facts may be discovered during the course of a formal legal, financial, or operational due diligence process.

BlackLeaf Advisory shall not be held liable for any losses, damages, or claims arising directly or indirectly from the use, reliance, or interpretation of any information included in this listing. It remains the sole responsibility of the prospective buyer to conduct their own independent due diligence and to obtain appropriate legal, tax, and financial advice prior to any transaction.

By engaging with this listing, all parties acknowledge and accept the above conditions.



 

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