Full-Service Commercial & Residential General Contractor

Description:
The Company is a general contractor and project management company for commercial and residential projects. The Company’s core services include preconstruction, construction, renovation, and construction management services.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 49.3% and 8.5%, respectively, from 2020 to 2023
• Revenue averaged approximately $88.8 million from 2020 to 2023
• The Company has a combined backlog of approximately $162 million as of April 2024
• Estimated total combined contract value of potential projects is approximately $940M
• Bonding capacity is $100 million and the Company’s surety has a Treasury Listing of approximately $293 million
• Diverse range of commercial (76%) and residential (24%) projects

Financial Note: The Company's 2023 revenue and costs are subject to intercompany transfers not identified

Opportunities:
• Geographic expansion into other areas of the U.S. with high rates of construction activity
• Expand sales efforts by enhancing internal sales team and through direct marketing outreach
• Grow connections with national builders, architects, and real estate developers in existing operational footprint
• Continue to grow the Company’s commercial projects portfolio
• Management notes that the Company has the ability to significantly increase its backlog, as it currently employs a very selective approach to the projects accepted
• Capitalize on the Southeast United States growing market driven by population growth and increased construction activity

Headquartered:
• Florida, U.S.

Current Markets:
• The Company specializes in serving architects, real estate developers, property owners, and engineers throughout the United States. The Company oversees a wide range of projects which include residential, commercial, retail, hospitality, multi-family, and institutional developments.

Real Estate:
• The Company operates from a 12,139 sq. ft. office space leased from an affiliated entity. Management notes that there is room to expand in the current facility and that the real estate can be included in a sale or leased-long term.

Shareholder Ownership:
• The Company is owned by two majority shareholders and several minority shareholders. All shareholders are willing to stay with the Company following a sale and are open to a variety of deal structures and responsibilities.