In late 2016, Jaxx Manufacturing acquired a company located just across the street from them and Greg made it the focus of his growth plan while in 10,000 Small Businesses. Greg stated, “We have a big growth opportunity that puts us in an entirely different trajectory from where we began with doing electronic assembly.”  Gregory Liu is President of Jaxx Manufacturing, an ISO 9001 certified electronics manufacturing service company that specializes in servicing small- to large-sized companies that require electronics manufacturing support. In late 2016, Jaxx Manufacturing acquired a company located just across the street from them and Greg made it the focus of his growth plan while in 10,000 Small Businesses. The acquisition was of interest to Jaxx Manufacturing because it carried no debt and sold a robust, electromechanical device for use in avionics, aerospace and robotics. Greg stated, “My growth opportunity was to scale this company to a multi-million dollar enterprise in the next five years.” The company had been operating profitably for over 20 years and was on the verge of shutting down because the owner wanted to retire. The owner micro-managed his enterprise and consequently never scaled it up. Being a product-based company, the new acquisition will be able to increase Jaxx’s profit margin to about four times the cost of goods sold of the new products. Greg hired the owner of the electromechanical device company to continue R&D on shelved designs that he did not have time to do because he was always working in the business instead of on the business. Greg stated, “We have a big growth opportunity that puts us in an entirely different trajectory from where we began with doing electronic assembly.”