Ideal acquisition opportunity for a South Jersey or Multi-State Commercial Plumbing firm lacking a northern NJ footprint! The owner/seller holds a New Jersey and New York State Master Plumbing License, with an NJ license specifically being required due to the nature of the customer base and general jobs performed. The company has not performed work in NY in a few years, with the geographic focus being in NJ, north of Perth Amboy.
Established in 1977, this Commercial Plumbing/HVAC contractor located in Bergen County, New Jersey is a Union Shop that performs new construction work, along with some service work for select clients.
The owner currently performs estimates and interfaces with customers, effectively onboarding work for the company. He does so remotely generally. The staff handles the work orders, administrative functions and work in the field.
Clients are serviced on an AIA contractual basis, with Net-45 payment terms generally. The firm performs new construction work for contractors that develop commercial properties such as ShopRites, Walmarts, schools, Amazon warehouses, Stop & Shops, and many more over the years.
Investment and Operational Highlights:
- Five Decades of Profitability- An Enduringly Profitable Enterprise that provides critical services
- Minimal Customer Concentration due to project-based work
- Long-term, loyal staff in place. Available labor for growth due to Union model
- Ownership is looking for a smooth transition. Only one partner required post close, willing to transition for up to one year
- Poised for growth- begin to perform more serviced based work, tap into residential market, and advertise!
