Boasting over $26 million in backlog, this well-established business has a versatile crew consisting of 8 core employees: a project manager, 1 client liaison, 2 in business development, 1 sales manager, 2 in house designers, and 1 sales representative. This solar energy business meets with clients and then designs systems for solar
power equipment, and then coordinates the installation.
They do not self-perform any installation labor. The current owner oversees his team but does not have any role in bidding, design, project maintenance etc. He has offered to stay with the company for 4-5 years plus he would like to roll equity at 20%. The current owner is looking to sell this business to a strategic growth buyer in order to add the business acumen needed to handle the massive upcoming growth.
In August 2022, the Senate passed a bill that would provide major tax credits for renewable energy, which would directly benefit the new owner. Additionally, the continued push for green energy will call for organic growth in this industry. Due to their business model, they have commercial businesses, industrial municipalities,
agricultural farms, nonprofit organizations, and schools.
With very low equipment, CapEx allows them to operate in Missouri, Iowa, Kansas, and Illinois, with the potential for regional expansion with an emphasis on municipal contracts. Priced at $15,500,000, this business has a great outlook when it comes to scalability as well as vertical growth!
