Wednesday 19 September 2018

S-1870-DGR Petrochemical & Marine Corrosion Engineering Co. (US)




Business Description:
Industrial and commercial engineering firm involved in the design, construction, testing , inspection, reporting, surveying, monitoring and repair of equipment, infrastructure and other material assets.

Professional Services:
Core capabilities include infrastructure design, project management, repair, corrosion engineering, cathode protection design, electrical and mechanical engineering, storage tank inspection and repair, integrity testing and regulatory management and coatings engineering.  All work done according to API, STI and NACE industry standards.

Operational Strengths:
Clients include one of the largest marine transportation and logistics companies in the Western Hemisphere, the largest Alaskan pipeline, the U.S. Government and industrial contracts as far away as the Southern Hemisphere. Excellent reputation with clients in private and public sectors. The moving forward with a multi-discipline business model now includes electrical, mechanical, civil and materials engineering. Future work is already lined up in this coming year with state and local governments and private sector pipeline and marine companies. Won the 2019 NACE new device performance award for GPS synchronized Cathodic Protection. Licensing and production of this device is active.

Transaction:

Proven management and employees have excellent academic credentials and industry certifications and combine 180 years of professional experience. Looking for partner who can take this company to the next level. Despite the current global downturn, Midstream O&G is doing well in 2020. For example, the top 10 USA pipeline companies are spending $28Bn on new projects; KKR spent $9.4Bn on new pipelines in Canada and UAE; WPX Energy bought Flex Energy for $2.75Bn; China is building 7 LNG ports at home and have partnerships with other LNG projects in Africa and Canada.
                                                                                                                                                   

Financial Summaries

2019
2018
2017
Gross Revenue
$2.546 M
$2.906M
$2.906M
Net Income
($73.758k)
$280k
$175.8k


Other Highlights
Location
Financials
Management Team in Place
Years in Business
      SIC / NAIC
USA
Compiled
Yes
19
    8711 / 541330






Direct All Inquiries to:

 Gottesman Company
Refer to:  S-1870-DGR
Tel: 718-618-5346      UK Office: +44 (0) 7906786505

Tuesday 4 September 2018

S-2807-3 JWT Construction Management Company (Southwest US)




Business Description: The Company provides value added services and onsite employees in connection with duties including project oversight, contract administration, scheduling, and claim resolution for large construction projects.  Its reputation is excellent, and the Company has established industry relationships along with repeat customers.

Distribution:  The Company focuses on large local governmental agencies and serves as either as sub-consultant or prime consultant.  Many of the Company’s engagements are multi-year projects, some with options for extension.  There is an abundance of work anticipated for the foreseeable future from public agencies in the Company’s local market.

Operational Strengths:  Construction Management Contracts involving public agencies are awarded based on qualifications, not low bid.  The Company is very selective in its selection of competent employees - a key aspect to the Company’s success in obtaining recurring work with the region’s major public agencies.  The Company has established a solid and well respected presence in its local market which is a difficult market for other prospective competitors to enter.

The Transaction: The owners wish to retire and transition the business to a new owner that will continue to grow the Company.  The owners believe that the ideal acquirer is a large engineering or construction management firm that would like to gain a foot-hold and expand dominance in the Company’s local market.

Financial Summary

 2018 Est by Seller
2017
2016
Revenue
$2.75M
$2.6M
$1.3M
Adjusted EBITDA
$800K
$746k
$200K

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Southwest U.S.
Compiled
Yes
11
874104


 Direct all Inquiries to:

Gottesman Company
Refer to:  S-2807-3 JWT
Tel: 718-618-5346      UK Office: +44 (0) 7906786505
                                      E-mail: dmj@gottesman-company.com

Wednesday 29 August 2018

S-191-16 JWT Painting Contractor Company (US)




Business Description: The Company is a painting contractor that primarily provides large scale/high volume residential painting of subdivision development projects.  The Company serves most major homebuilders, both private and public companies, in its micro-region.  Of the top 30 developers in the Company’s geographical area, 25 of them work directly with the Company.  The Company also provides the re-painting of hospitals and existing apartment complexes (some of which are 10-years contracting cycles), thereby also supporting diversification during economic cycles. 

Distribution:  The Company focuses on a small regional geographic footprint and paints over 3,000 units (homes and apartments) annually.  With the Company’s stellar reputation in the painting sector, significant growth opportunities are available in nearby, high-populace micro-regions – if not nationally.

Operational Strengths: The Company prides itself on quality and value i.e. not being the cheapest or low bid provider.  With its high margins, more competitive pricing could increase revenues and total profits while still accomplishing industry norm margins.  Other than being a member of the Builders’ Association, the Company performs very little marketing efforts, thereby providing a tremendous opportunity for increase in critical mass by an acquirer.  Current owners (near retirement) do not wish to take on any assertive growth opportunities.

The Transaction: The owners wish to retire but are amenable to be involved in post-acquisition transition activities.  The Company has a solid management team that wishes to continue and expand the business. 



Financial Summary

 2018
2017
2016
Revenue*
$28.6M
$22.5M
$22.6M
Adjusted EBITDA
$4.5M
$4.5M
$3.1M
                                                                *waiting on 2019 forecast


Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Western U.S.
Compiled
Yes
30+
1721







Direct all Inquiries to:

Gottesman Company
Refer to:  S-191-16 JWT
Tel: 718-618-5346      UK Office: +44 (0) 7906786505
                                      E-mail: dmj@gottesman-company.com

S-1880 MHS-MJK Electrical Supplies & Equipment Wholesale Distributor (New York City)




Business Description: The Company provides electrical equipment and supplies to electrical professionals, contractors, project managers, engineers, and others working on commercial, industrial, residential, or marine projects. This is a value added distributor offering customers additional valued services - next day delivery, cutting & paralleling, job quotations, credit terms, and more.

The company has been a family owned and operated enterprise for more than 50 years. The company serves all 5 boroughs of New York City, and in addition makes deliveries to Westchester, Rockland, Long Island and New Jersey.

This business has been a consistent money maker for its owner. Always profitable, the company produces an adjusted EBITDA of 8.5% - about 55% above the industry average!

Transaction: The owner is looking to exit the business into retirement. He is offering 100% of the business for sale. The owner is willing to stay on for a reasonable transition period, post transaction. He has a very capable and enthusiastic management team in place that can run the business in his absence.

Financial Summary ($000s)

2018 Est by Seller
2017
2016
2015
Revenue
10,400
10,184
9,978
9,754
Adjusted EBITDA
935
855
891
711

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
New York City
Compiled
Yes
50+
5063


 Gottesman Company

Refer to:  S-1880 MHS-MJK
Tel: 718-618-5346      UK Office: +44 (0) 7906786505