This rental company boasts a profit margin of 36% and
nearly $15M in assets, making this acquisition 85%
collateralized! Services include hauling, installation,
dismantlement, rental, and sale of frame scaffolding,
system scaffolding, shoring scaffolding, and hydro mobile
platforms. On average, 60% of revenue comes from
rentals. They are highly diversified, with 15 customers
making up 70% of their revenue and 95% of their clients
recurring; including general contractors, concrete &
masonry, demolition, and repair & installation contractors,
there is no shortage of projects! The company is currently
operating at a 36% profit margin, which is very strong.
They are able to offer a wide range of services thanks to
the 60+ skilled employees on staff, including 7 office staff,
3 mechanics, 3 field managers, 4 drivers, and 25-40
laborers. The company has earned over $2M in backlog
with $1.7M of work in progress and several other contracts
out in their pipeline.
Boasting $4M in hydro mobile inventory (95+ units), they
are far ahead of their competitors who only have 3-5 units.
They also offer 3D drawings on more complex projects
which differentiates them in the market. In addition, the
recently passed US Infrastructure Bill directly caters to this
company’s core customer base and will certainly increase
their revenue in the coming years. The current workload
consists of 30% restoration, 20% industrial, and 50%
construction. This company does little to no marketing or
advertising due to their recurring clients. A new owner
could absolutely grow by simply adding a marketing and
sales plan or business development person.
Priced at $18,750,000, this business is 85% collateralized
with the assets included in the sale! It is positioned to grow
in the contracting space by accepting more invitations to
perform jobs for current clients, but in neighboring cities, and
expanding types of fleet, such as forklifts & drilling bores;
which could easily be added to the projects they serve, with
the clients who already trust them!