The company provides integrated, turnkey solutions for engineering, procurement, and construction projects across diversified markets. The company is also a supplier of seconded staffing for project management and construction needs.
Key Aspects
-Holds multiple master service agreements with a diverse client base
-Utilizes proprietary design and estimating methods to successfully execute projects within budget
-Employs many highly skilled engineers and designers of all disciplines with an average of over 20 years industry experience
-3D modeling reduces and often eliminates potential errors for field construction
-Capable of designing and programing computer control systems with instrumental, electrical, and controls groups
Opportunities
-Grow process engineering capabilities to provide more front-end engineering design (FEED) services as well as full process design for industrial plants
-Increase procurement and construction scopes to serve clients with more specific needs
-Further invest in top technical and engineering talent
-Engage in growing opportunity for personnel placement in technical and project management positions
-Ownership contends that upon the two executives' retirement, net income will increase around $500,000 due to the expansive succession team that is in place
Current Markets
-The company provides engineering & construction management services to chemical, refining, midstream, alternative energy, and industrial clients across over twenty U.S. states and abroad
Real Estate
-The company operates from two locations, an 8,700 sq. ft. facility, which is owned by an affiliated entity, and a 2,000 sq. ft. location, which is leased from an unrelated third party. Ownership expects the main location to be part of a transaction.
Shareholder Objectives
-The sole owner does not run daily operations and is seeking retirement and an eventual full exit from the company. Ownership is open to various deal structures to help facilitate a transaction. There is a succession team in place to operate the company upon the eventual exit of the owner.
