Boring Company - Water and Sewer Utilities Adj. EBITDA 1.9m

This 14-year-old company has grown since inception and provides water, sewer and storm drain boring work for companies servicing municipalities and commercial contractors throughout the state. With no customer concentration, and no bonding requirements, this company serves over 200 customers, 80% of which are repeat clients.  A stellar reputation for providing quality work, on time and on budget has this Company well situated to serve the needs of the Southeast’s largest metropolitan areas well into the future.  

INVESTMENT HIGHLIGHTS:

• The Company is a sub-contractor to contractors serving municipal clients in and around the Atlanta metro area, among which are 4 of the top 5 largest counties by population in the entire surrounding geography. As a sub-contractor, they have the ability to serve a broad customer base and no one customer makes up more than 10 percent of the work they do.  
• Committed to providing top-notch customer service through their team of experienced professionals, the Company has been firmly established as a highly successful contractor with a stellar reputation in the industry.
• Dynamic and knowledgeable team in place expected to stay on post-acquisition.

GROWTH OPPORTUNITES:

• Over the next 5-8 years, the 5 largest counties in Metro Atlanta have each budgeted over $1 billion to spend on infrastructure repair. Collectively, the counties of Metro Atlanta alone will spend between an estimated $33.8 billion – $51.5 billion in water infrastructure by 2030.
• The Company’s strong partnerships with respected design and engineering firms position this company well to capture more work and expand into new geographies.
• The company currently sub-contracts horizontal drills and hauling, bringing this inhouse would increase profit margins.
• The industry is highly fragmented and there is opportunity to grow through acquisition in addition to organic growth.

• BID Asking Price
• $1,871,697 Cash Flow
• $5,083,701.00 Gross Revenue