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)
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2019
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2018
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2017
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Revenue
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$8,378
|
$1,900
|
$3,000
|
Adjusted
EBITDA
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$1,373
|
$340K
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$466K
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Other Highlights
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Location
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Financials
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Management Team in Place
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Years in Business
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SIC Classification
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East Coast
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Yes
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Yes
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15+
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154212
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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