National Business Search is representing for sale, on an exclusive fee paid basis, a very profitable and growing crane rental company based in the southern US and founded over 40 years ago.
The Company specializes in truck mounted and all terrain hydraulic cranes. The Company also does site preparation, heavy hauling, rigging and some machinery moving, and has fork lifts and carry deck cranes to complete any job.
The Company has a diversified customer base. In 2018, the Company had approximately 250 customers. They range from tele communications, HVAC, mining, energy, heavy industrial, residential, manufacturing, steel erection and highway construction.
The Company’s customers tend to have steady work and long-term projects, which helps to insulate the Company from economic downturns and seasonal ups and downs.
From 2016 to 2018 the Company has achieved an impressive average EBITDA (earnings before interest, taxes, depreciation and amortization) of $1.8MM on average sales of $3.4MM. The Company has been growing by 10% annually for the last 4 years.
The Company currently has 20 employees and an experienced management team. The full management team would like to remain and be a part of the Company’s future.
The owner would like to spend more time with his family, and is ready to hand ownership to a person or entity who will take it to the next level. The owner will stay for a transitional period and is open to staying involved for a longer time.
The price of the business is negotiable. The owner would prefer a cash transaction; however, the owner will consider other proposals.
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