Arvite Technologies

A leading manufacturer of sheet metal products in the Erie region, Arvite Technologies Inc. was established eight years ago by Bud Martin.

The company's main capabilities include precision handling of steel, stainless steel, and aluminum sheet metal.It serves customers in various industries including the medical, communications, food services, and transportation industries.

The Gannon University Small Business Development Center (SBDC) worked with Arvite when it started operations.  Since then, the company has requested assistance from the SBDC to expand by adding new equipment. This occurred again when the company purchased $500,000 of new machinery.

Mr. Martin also contacted the Gannon SBDC to assist in the financial forecasts of their succession planning process. The SBDC prepared several financial scenarios relating to possible succession possibilities for the next five years. The scenarios were contingent upon salaries of new owners and management positions.

As mentioned, the company’s bank approved their $500,000 request for new machinery to expand the business. Management expects to hire three new employees based on this growth potential.

Although Arvite has been in operation for only eight years, there is over 100 years of combined experience in sheet metal design and finishing among his employees. With succession planning in place, Arvite Technologies is extremely well positioned for continued growth in the volatile manufacturing industry. The management was extremely grateful for the SBDC’s assistance with financial forecasting; these records will be used regularly for decision making purposes.

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Bud Martin has worked with the Gannon University SBDC since his company's inception.