This Multi-Family Residential Construction General Contractor is an S-Corporation. The original company was founded in 1991 with a 100% sale to the new owners in late 2016 / early 2017 as part of a divestiture / retirement of a founding member of the prior company. The company is in the Southeast U.S. The new owners have continuously owned and operated the company since January 1, 2017.
The company has two main project types, affordable housing and traditionally financed housing, which tend to be counter-cyclical. This allows the company to be somewhat insulated from broader economic forces that often plague siloed general contractors. The company has long-standing relationships with developers (as a source of revenue) and subcontractors (as a source of labor) throughout the southeastern U.S.
The company surpassed $125M in TTM revenue with EBITDA of nearly $3.3M.
Both owners prefer to retain an equity position with the acquiring company and would like to continue to operate the business post-sale. However, they are open to a 100% exit under the right terms.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.