The Company is an electrical contractor specializing in commercial and light industrial projects across Michigan. The Company provides top-notch design/build electrical systems services. In operation for over two decades, the Company has developed strong brand recognition synonymous with a client first approach, high-quality work, and cost-effective services.
Key Aspects
· The Company generated strong gross profit and adjusted EBITDA margins averaging 30.6% and 25.7%, respectively, from 2022 through 2024
· The Company maintains strong client relationships, with repeat clients accounting for an average 88.1% of revenue annually from 2022 to 2024
· The Company offers a wide variety of complementary services to commercial and light industrial end markets
· The Company has built a strong brand known for high quality work product driven by a highly experienced and tenured team
Opportunities
· Explore partnerships with commercial real estate developers and architecture companies operating in Michigan to increase projects
· Expand geographically into underserved markets throughout the midwestern United States to grow the client base
· Pursue expansion into the residential end market through targeted sales and marketing campaigns focused on real estate developers
· Grow the service mix into complementary services such as heating, ventilation, and air conditioning installation and repair to increase revenue
· Implement membership and maintenance programs to generate recurring revenue
Headquartered
· Michigan, United States
Current Markets
· The Company serves clients in the industrial, construction, commercial real estate developers, governmental, and commercial end markets in Michigan.
Real Estate
· The Company operates from a 3,500 sq. ft. facility located in Michigan serving as a shop office. The facility is leased from an unrelated third party and the lease is assumable post-sale.
Shareholder Objectives
· The Company is fully owned by a single shareholder who seeks an exit to prepare for retirement. The owner is open to a variety of deal structures and is willing to remain with the Company for a negotiable period to ensure a smooth transition of ownership.
