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