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:
· Nevada
Key Aspects:
· Diverse client base ranging from multi-family residential clients to
commercial developers
· As of 12/31/23, the company has a backlog of $12.5 million
· Highly-experienced team with over 50 years of combined
experience in the underground utility industry
· According to management, hiring a purchasing agent helped increase margins from 20% to 35%
· The company has over $2.0 million in PP&E ranging from vehicles to heavy equipment
- Recognized as a top utility construction service provider in a rapidly expanding geographic market
Current Markets:
· Client markets includes industrial, multi-family residential, and commercial with the immediate ability to expand to federal and municipal government projects.
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 post-sale.
Opportunities:
· Positioned for a highly profitable emergency energy contract from the state the company resides in
• Expand to include additional private sector projects and emergency maintenance contracts
• Bid and win contracts for aging infrastructure projects
• Expand maintenance, repair, and operation services
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.
