Emerging Concrete Contractor $4M EBITDA
Asking Price: | $18,000,000 |
Gross Revenue: | $12,000,000 |
Real Estate: | $400,000 |
Cash Flow: | $4,000,000 |
FF&E: | $6,000,000 |
Established Year: | 2014 |
Company has grown rapidly in recent years delivering quality work and meeting on time commitments. Fleet of heavy equipment and trained operators has grown congruently with steady local demand. 2022 revenue reached $12M with over $3M EBITDA. 2023 will exceed $16M and $4M respectively. Company owns $5M in net assets including many excavators, dump trucks, dozers, and compactors.
Skilled workforce and continual focus on project management have enabled the company to scale – completing numerous projects simultaneously and competing for bids exceeding $5M in project size. Company employs 40 on payroll and can increase quickly with contracted help to meet project demands. Fleet of transportation vehicles and drivers allows for continuous use of machinery with limited downtime.
Quick Facts
•Superintendents, project managers and foremen lead experienced crews
•Total asset value exceeds $8M w/ $2M financed
•Completes work for commercial (57%) and residential clients (23%) as well as city governments (20%)
Growth
•Oklahoma has been approved for over $1B in federal infrastructure projects, fueling future demand
•Projects covered by surety bond with ability to compete for $10M or more
•Experienced buyer can grow geographically across the state or in size of projects
Owner’s Insights and Objectives
•Owner has built the company through continuous hard work and delivered commitments
•Owner will consider multiple deal structures and can remain with the company for a defined period of time to ensure successful transition
•This is an asset purchase sale, but owner will consider other deal structures
Interested parties should review the business summary and inquire with Scott Davis of Transworld Business Advisors of Tulsa. After completing an NDA and initial profile, interested parties will receive the CIM and preliminary access to a prepared data room.