27 Year Old Multi-Location Concrete Pump Contractor with $8M in Assets
| Asking Price: | $17,271,000 |
| EBITDA: | $3,215,000 |
| Established Year: | 1997 |
| Gross Revenue: | $10,712,000 |
| FF&E: | $8,202,000 |
Founded over 20 years ago, the company is a family-owned business that has a rich heritage in the concrete construction sector. Since acquiring its first pump in 1999, the company has honed its focus exclusively on concrete pumping, allowing its customers to manage the contracting. The company’s skilled operators bring vast experience in both concrete work and pump truck operations. Committed to excellence, the company operates a fleet of modern trucks to ensure consistent reliability. The services range span a 100-mile radius, guaranteeing satisfaction for its clients.
Top Details/Business Activity
Business Model: As a trusted provider, the company offers concrete pump trucks along with skilled operators, specifically catering to commercial general contractors.
Turnkey Operations: The operations are streamlined with established systems and processes, ensuring consistent and efficient service delivery.
Strong Revenue Growth: The company has achieved an impressive 27% compound annual growth rate in revenue over the past three years.
Robust Cash Flow Margin: In 2021 and 2022, the company maintained a healthy average cash flow margin of 22.8%, which has surged to an average of 31.2% in 2023 and 2024.
Strong Cash Flow: The company generated $3.18 million in cash flow in 2023 and is projected to increase to $3.2 million in 2024.
Limited Marketing: An impressive over 95% of business volume comes from referrals and repeat clients, highlighting the company's commitment to quality and reliability.
Assets Included: The company possesses fixed assets of over $8,000,000, including a fleet of pump trucks and other critical equipment.
Established Brand: The company has built a reputation for punctuality, adhering to budgets, and delivering superior quality, which has helped establish a strong brand over the years.
Large New Contract: Recently, the company secured a significant contract worth $15,000,000, to pump more than 700,000 yards of concrete at a competitive rate of $12.50 per yard.
Strengths
Consistent Growth in Annual Sales
Experienced and Valuable Team Members
Comprehensive and Current Financial Records
Broad and Loyal Clientele
Clearly Defined Organizational Structures and Roles
