Contractor Providing Industrial and Oil & Gas Construction...

The offering consists of three entities which collectively form the company. The first entity operates as a General Contractor (GC) providing heavy industrial construction services for projects requiring piping, structural steel, electrical, or civil work, as well as equipment installation. Another entity operates as a GC providing the same construction and installation services for oil & gas clients. The third entity primarily provides internal hauling work by transporting equipment and materials required for the other two entities’ jobs; some external hauling work is also performed.

Key Aspects
• Approximately 75 master service agreements (MSAs) in place with clients
• Well insulated from potential market volatility, as ownership contends that industrial services increase when oil & gas services decrease and vice versa
• EMR rating of 0.78, per ownership
• Highly flexible team with industry experience and deep knowledge in multiple crafts
• In 2025, brand new facilities with ample space for future growth

Opportunities
• Expand service offerings to facilities for the food & beverage and pharmaceuticals industries
• Increase efficiencies and capacity by bringing automation into the new facilities
• Plan and implement a sales & marketing strategy to engage new clients and promote awareness of the company in the area
• Extend geographic service area to reach additional nearby markets
• Federal, state, and municipal infrastructure investments are expected to continue through 2028, and increased construction due to population growth in major cities offers ample opportunities for additional work

Current Markets
• The first entity primarily serves clients in the chemical, wood product, and power industries. Another entity exclusively serves oil & gas clients. Approximately 80% of The third entity’s hauling is for the other two entities; the remaining 20% is for external jobs. The company performs work in Texas and the Southeast U.S

Real Estate
• Ownership has stated that the company is relocating in 2025 to two new facilities with a total of 37,400 sq. ft. which are held by affiliated entities. Ownership will consider including the new facilities in a transaction. The new facilities are expected to be leased to new ownership post-sale

Shareholder Objectives
• The first entity is owned by a single shareholder. Another entity is owned in majority by the same shareholder and in minority by the first entity. The third entity is owned equally by the same shareholder and one other shareholder. The shareholder with ownership of all entities is open to remaining in a reduced capacity or to a transition period and exit. The one other shareholder with ownership of the third entity expects to exit.

Headquartered
• Texas, U.S

**Financials reflected are TTM 05-10-24**