Industrial Magnetics, Inc.
Boyne City, MI
Company facts
- FY2025 rankings
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- SAM.gov registration date
- Physical address
- 1385 S M 75, Boyne City, MI 49712, USA
- Website
- magnetics.com
- Founded
- 1961
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
-
- Industrials
- Capital Goods
- Industrial Conglomerates
- Industrials & Manufacturing
- SIC code
- 38 Instruments & Related Products
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $33,568 |
| FY2025 | $237,660 |
| FY2024 | $151,772 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of the Navy | $33,568 |
Contract awards
Latest 5 listed here. See the rest on GovTribe.
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About the company
Industrial Magnetics, Inc., a for-profit manufacturer headquartered in Boyne City, Michigan, supplies specialized magnetic equipment and lifting devices to the federal government as a prime contractor under full-and-open competitive and non-competitive purchase orders, with no subcontract footprint. The vendor operates across multiple NAICS categories centered on fabricated metal products and specialized machinery manufacturing, with a recent activity pattern characterized by episodic, low-dollar purchase orders rather than sustained contract vehicles or IDVs.
Industrial Magnetics' federal customer base concentrates heavily with the Department of the Army. The U.S. Army TACOM Life Cycle Management Command anchors 67% of the vendor's recent award count and 99% of its combined potential value ($389 thousand across two awards), procuring battery lifting magnets for military vehicle maintenance and repair operations. The Department of Justice FBI Headquarters Division and the Department of the Navy Naval Air Systems Command account for two awards each ($39 thousand and $17 thousand respectively), with single smaller awards to the Smithsonian Institution, the Tennessee Valley Authority, and the Marine Corps. The Marine Corps award, dated March 31, 2026, was a $33,568 sole-source purchase order for two replacement magnetic particle separators (Model MDS1215R Rare Earth Magnetic Drum Separators with 12-inch diameter drums) for blast booths at Marine Corps Logistics Command's Albany, Georgia maintenance facility, with completion scheduled for June 9, 2026. Industrial Magnetics holds exclusive authorized distributor status and exclusive licensing for the specified equipment. The TACOM awards represent the largest dollar concentration: a $237,660 non-competitive purchase order (June 17, 2025) for battery lifting magnets supporting Army vehicle fleet maintenance, and an earlier $151,772 award (November 21, 2023) for battery magnets and lifting magnets.
The vendor has recorded twelve prime awards since 1997, with a sparse recent cadence of one award per year in 2023, 2025, and 2026. Combined obligated dollars ($573 thousand) exceed combined potential value, indicating completion of work beyond initial ceiling estimates. Industrial Magnetics operates exclusively as a prime contractor and does not appear in subordinate teaming relationships, positioning it as a specialized equipment supplier rather than a systems integrator or platform contractor.
SBA capabilities narrative
Industrial Magnetics, Inc. is an industry leader in providing both permanent magnets and electromagnets for work holding, lifting, fixturing, conveying and magnetic separation.
At IMI, our specialty is custom fabricating. We design, engineer and manufacture magnetic assemblies and magnetic separation devices for our customers' specific requirements, and take pride in the quality and performance of our products.
With worldwide distribution through a combination of a direct sales force and channel partners, we strive to provide personalized service and innovative solutions to meet the exact needs of our customer's application.
IMI is proud to be a United States- based manufacturer of magnetic assemblies and our USA M.A.D.E logo is how we like to show it. You will find our USA M.A.D.E logo on any of our products that are Manufactured Assembled Designed Engineered here in the USA at our facility in Boyne City, MI.
Quick answers
Is Industrial Magnetics, Inc. registered in SAM.gov?
Yes. Industrial Magnetics, Inc.'s SAM.gov registration is active through January 22, 2027.
What is Industrial Magnetics, Inc.'s CAGE code?
Industrial Magnetics, Inc.'s CAGE code is 40474, and its Unique Entity ID (UEI) is XAUMBD9LYFH5.
How much has Industrial Magnetics, Inc. received in federal contracts?
Federal contracts obligated $237,660 to Industrial Magnetics, Inc. in fiscal year 2025 and $423,000 in fiscal years 2023 through 2027.
How does Industrial Magnetics, Inc. rank among federal contractors?
Industrial Magnetics, Inc. ranked #12 in PSC 3940 and #68 in NAICS 333923 in FY2025.
What is Industrial Magnetics, Inc.'s most recent federal award?
Industrial Magnetics, Inc.'s most recent federal contract award is This requirement is for two replacement magnetic particle separators for (2) of mdmcs blast booths (booths 3 and 4) (M6700426P5004), from Marine Corps (Navy), on March 31, 2026.
On GovTribe
See Industrial Magnetics, Inc.'s full federal record
- Federal contract awards
- Funding analysis by agency, NAICS and set-aside
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