The business was started over 20 years ago after the owner identified a need for a specialty contractor in the heavy civil engineering space. Due to the excellent relationships built with general contractors and industry growth, there is a two-year backlog of work – valued at about $22MM+ 2/2024. The current staff is fully trained and able to sustain the current workload and take the business to the next level. The Company operates out of one location that includes administrative space and maintenance yards.
Growth/Expansion Opportunity: The current owner has built a successful business that is positioned to be scaled. Growth opportunity exists through geographical expansion and additional headcount to take on new contracts. Industry projections estimate for FY 2022-2026 $76.18BB in appropriations over 11 states. This comes with long-term funding certainty. Growth opportunity exists with further development of, and additional technical solutions for existing customers. Industry growth projections indicate an increase of 8%. With an EBITDA of 25%, the Company can capitalize on the growth of the industry, while not sacrificing Profit Margins.
Equipment/Inventory/Vehicles: Included with the sale is equipment valued at around $13.5.0MM using normal Orderly Liquidation at Fair Market Value. All Equipment is in good working condition.
Real Estate: This business operates out of one location. Owner-owned and leased to the business. The building with improvements is leased at a very reasonable rate of $10,000 NNN. Available for purchase at $1.5MM.
Financing: TBD – This is a stock sale – due to the nature of the GC contracts, State Bonding, and Work approval levels across 10 states.
