National Business Search is representing for sale, on an exclusive fee paid basis, a full-service electrical and fiber optics utility infrastructure service company based in the southern US.
The Company has an excellent reputation and deep employee and managerial experience, in particular in large and complex wind farm and renewable energy projects. In some construction techniques, the Company is the recognized leader nationally. It is often booked up over a year in advance.
From 2015 to 2018 the Company has achieved an average annual restated EBITDA (earnings before interest, taxes, depreciation and amortization) of $6.5MM on average sales of $35.5MM. Business is booming. 2019 sales are forecast to be $63.5MM this year, with EBITDA forecast to be 12.1MM. The Company now has a $100MM backlog, with $59.6MM already booked for 2020. With the right partner, the Company could grow even more quickly, by being able to accept more of the work offered to it.
The Company offers new construction services, as well as maintenance and repair services. Approximately 75% of the Company’s work is in the renewable energy sector. The Company currently has 120 employees and an experienced management team. The full management team would like to remain and be a part of the Company’s future.
The owners would like to gain liquidity and, at the same time, secure the resources to enable the Company to realize its full potential. With investment, the Company could grow considerably faster than its already impressive growth rate by taking a larger share of this huge and growing renewable energy sector. The shareholders have extensive experience, yet they are both under 45 years old. They are willing to stay on for at least 5 years.
The price of the business is negotiable. In addition to cash or stock, the owner will consider creative proposals including equity, management participation, and incentives based on future growth.
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