Commercial & Residential Electrical Contractor
| Gross Revenue: | $7,290,442 |
| EBITDA: | $949,073 |
Description:
The Company is an electrical contractor specializing in commercial and residential electrical solutions. The Company also has the capability to perform industrial work.
Key Aspects:
• Revenue grew at a compound annual growth rate of 12.6% from 2019 through 2023
• Gross profit margin of 34.5% from 2019 through 2023
• Adjusted EBITDA margin of 13.0% in 2023
• The Company’s electricians are cross-trained between both commercial and residential services
• Purchased the assets of a competitor in 2023, which included a list of 14,000 customers
Opportunities:
• Expand inspection and monitoring work to create additional reoccurring revenue streams
• Capitalize on the newly acquired customer list to increase market share
• Continue to expand into the residential market
• Take advantage of the local population growth to expand Southeast, US operations
Headquartered:
• Mid-Atlantic, US
Current Markets:
• The Company provides its services to residential and commercial clients in the Mid-Atlantic and Southeast, United States.
Real Estate:
• The Company operates from a 7,400 sq. ft. facility leased from an affiliated entity. There is room to grow at this location. The Company has a second facility, which is 1,200 sq. ft., and is also leased from an affiliated entity. Both facilities may be included in the sale or leased long-term.
Shareholder Ownership:
• The Company is owned by two shareholders, 51% and 49%, who would like to pursue retirement. Both owners are willing to remain with the Company for a predetermined period to facilitate a smooth transition to new ownership.
