Wednesday 21 October 2020

S-191-16 LJF PAINTING CONTRACTOR COMPANY

 Painting Contractor Company

Acquisition Opportunity – Western USA


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. 

 

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.

 

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 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

 

2020 Est by Seller

2019

2018

Revenue

$ 22M

$ 20.6M

$ 28.6M

Adjusted EBITDA

$ 4M

$ 3.1M

$ 4.5M

 

 

Other Highlights

Financials

Management Team in Place

Years in Business

SIC

Compiled

Yes

30+

1721

 

 

 

 

 

 

 



Direct inquiries to:


Gottesman Company

 Refer to:  S-191-16 LJF

US Office:  718-618-5346     UK Office: +44 (0)7906786505