Asking Price: Non-Disclosed Amount
Gross Revenue: $14,295,000
Cash Flow: $5,000,000
FF & E:
Founded more than 20 years ago, this company is one of the most reputable heavy utilities contractors in their geographic area. They provide water, sewer, and storm drain construction services to major municipalities in and around the geographical areas they serve. The company’s core capabilities include; water main installation, storm drain installation, sanitary sewer installation, concrete flatwork, and roadwork. They offer exceptional, full turnkey services in a timely, and cost-effective manner. Projects are managed by a highly trained, and knowledgeable staff, capable of ensuring the project is completed beyond the client’s expectations. This company’s consistent performance is why the area’s major counties continue to look to this company to serve their water, sewer line infrastructure needs.
· Over the next 5 to 8 years the five largest counties served by this company have $1 billion dollars budgeted to spend on infrastructure repair.
· It is estimated that the metropolitan area served by this company will spend between $33.8 billion to $51.5 billion on water infrastructure by 2030.
· Many of the competitors in this industry and market have founders reaching retirement age, and this company has a seasoned, young and energetic team in place ready to grab market share as these competitors prepare for retirement
REASON FOR SALE:
Exit Strategy: The Founding Partner wants to exit completely within the next 2 to 3 years. The CEO and a highly experienced team of experts stands ready to take the company to the next level and will roll between 20% and 30% equity in the NewCo. They have the reputation, experience and energy to capture a large share of the billions of dollars that will be spent on infrastructure over the next 15 years.