The company provides specialized commercial & industrial electrical work for general contractors in Nevada and surrounding areas. The company’s projects include geothermal, solar, renewables, multi-family residential, and other diversified commercial work.
Key Aspects
· Adjusted EBITDA margins averaged 11.1% from fiscal years 2020 to 2022
· Performs highly profitable geothermal electrical services with limited regional competition
· Profit sharing plan retains highly experienced key management & staff
· Maintains the ability to perform work in remote locations as needed
· Strong affiliations with regional GCs and developers provide increased opportunities to win project bids
· Diversified across numerous industries & markets
Opportunities
· Significant potential to continue expanding to meet clean energy and renewable services demand, especially as the geographic
· Requisite increased demand for education & public works with Northwestern Nevada & California growth
· Positioned to scale quickly based on demand in several industries and growth in geographic area, according to ownership
· Partner with a national contractor to expand the company’s geographic footprint
Headquartered
· Nevada, US
Current Markets
· The company provides electrical services to commercial customers serving renewable, public works, multi-family, healthcare, educational, hospitality, and industrial markets. The company subcontracts for general contractors in addition to providing services direct to end users.
Real Estate
· The company operates from a 15,000 square-foot facility, which is leased from an affiliated entity. Ownership is open to leasing the facility post-sale.
Shareholder Objectives
· Ownership is open to various deal structures to facilitate a transaction. Two minority owners expect to remain with the company post sale to assist with future growth.
