Tuesday 5 May 2020

S-2958-3 RFK Preconstructed Commercial Buildings (US)



Business Description: This company sources and installs pre-fabricated buildings for a diverse commercial customer base. End users are in the manufacturing, recycling, energy, timber, farming, and public sectors.

Distribution: The company does contracted and bid work.

Operational Strengths: The company employs a highly skilled year-round staff but has kept fixed overhead down by augmenting their workforce using seasonal installation crews. They had a very busy 2019 with adjusted EBITDA over $1.3M. They have remained busy through Q1 2020 and have a healthy backlog. Their 2nd half 2020 energy related projects may slow down but new municipal work is emerging that was previously not projected.

The Transaction:
The owners have been looking for an opportunity to retire, but good work has continued to come in. They are now taking a serious run at retirement and are hoping to find the right acquirer to step in and take over. 2019 actuals and 2020 backlog below: Motivated sellers.

Financial Summary (000s)

2019
2018
2017
Revenue
$8,378
$1,900
$3,000
Adjusted EBITDA
$1,373
$340K
$466K

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
East Coast
Yes
Yes
15+
154212

  
Direct All Inquiries to:

Gottesman Company
Refer to:  S-2958-3 RFK
Tel: 718-618-5346      UK Office: +44 (0) 7906786505
                                        E-mail: dmj@gottesman-company.com