The offering consists of a heavy construction contractor that specializes in the water treatment and wastewater treatment industry with turnkey solutions for clients in the coverage area.
Key Aspects
• Backlog for works in progress increased from nearly $5.0 million at FYE 2020 to approximately $24.0 million as of Q4 2023
• Skilled and experienced workforce with an average tenure of more than 12 years with the Company
• Essential service business applicable to all cities across the United States
• Over 15 years of repeat business with four key vendors
• A Master Electrician and Electric Journeyman are on staff with a total support electric support crew of four
• Business operating for multiple decades with a highly-regarded and long-standing reputation
Opportunities
• Geographic expansion throughout the region
• Expand into private markets for oil & gas, industrial processing, and environmental businesses
• Provide process & control repairs and upgrades
• Coverage area population increase will boost demand as the Company provides essential services
• Begin promoting maintenance and repair work for new construction projects, which provide recurring revenue streams
Headquartered
• Texas
Current Markets
• The Company serves the water treatment and wastewater treatment industries in Texas
Real Estate
• The Company operates from two locations, a 5,000 square-foot warehouse and 435 square-foot office space, that are both leased from an unrelated third party. There is room for expansion at both locations.
Shareholder Objectives
• The sole owner approaching retirement and seeking an eventual full exit from the Company and is open to various deal structures to facilitate a transaction. Ownership is willing to stay for a negotiable transition period to ensure a smooth transition.
