The company is an industry-leading underground utility contractor providing design & build services for complex underground utility construction projects. Service scope includes new construction, maintenance, and repair.
Headquartered:
· Southwest, U.S.
Key Aspects:
· Diverse client base ranging from multi-family residential clients to
commercial developers
· As of 3/31/23, the company has a backlog of $14.4 million
· Highly-experienced team with over 50 years of combined
experience in the underground utility industry
· Cross-trained employees across multiple positions in the company
· Exemplary safety record with an EMR rating of 1.04
· State-of-the-art equipment & technology including GPS utilization
for concise project location
· Located in a rapidly expanding geographic market
Current Markets:
· The company's primary client base includes commercial
developers and general contractors with residential & multifamily
construction projects in the southwest U.S.
Real Estate:
· The company operates from a 5,000 square-foot facility and
adjacent storage yard, which is leased from an affiliated entity.
Ownership expects to lease the facility at a market rate postsale.
Opportunities:
· Obtain Class A contractor license to project bid as a general
contractor
· Obtain a C-2 electrical license to expand service breadth
· Positioned for a highly profitable emergency energy contract
from the state the company resides in
· Bring a natural gas expert on staff to expand services to gas
utilities
· Expand to include additional private sector projects and
emergency maintenance contracts
Shareholder Objectives:
· The company is equally owned by two owners who are open to
various deal structures that will facilitate a transaction. Both
owners are open to an eventual full exit from the company or
remaining post-sale, depending on deal structure.
