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
