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High-Margin $5MM EBITDA Construction Management & Design Firm

Charlotte, NC
listing image
Asking Price:$32,500,000
Gross Revenue:$12,900,000
FF&E:$800,000
Cash Flow:$5,100,000
EBITDA:$5,100,000
Established Year:2005
Listing ID: 2318630Listing provided by BizBuySell
BUSINESS DESCRIPTION

Project Rock is a leading full-service construction management and architecture firm based in North Carolina, South Carolina, and Georgia.

The company has industry-leading profitability as demonstrated by its asset-light model with 80% gross margins, 30-40% EBITDA margins and 100% + returns on capital deployed.

Learn more here: https://www.hillandaleadvisors.com/news

The company has over $36 million of signed backlog across several end markets including K-12, Healthcare, Higher Education, Local & State Government, and Airport expansion. In addition, Project Rock is finalizing fee schedules on another $8 million of revenues from recent wins and in negotiations on another $10 million - 25 million of fee revenues.

ATTACHED DOCUMENTS
Project Rock Teaser.pdf.pdf Download
DETAILED INFORMATION
Location
Charlotte, NC
Inventory
Not Included in asking price
Real Estate
Leased
Employees
42
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Five leased offices in sizeable and growing metropolitan areas in NC, SC, and GA.
Competition
Project Rock competes in the $300 billion Commercial and Institutional Building industry in the US, according to IBIS World. There are 70,000 companies in the US employing over 350,000 professionals. The company has signed backlog across several end markets including K-12, Healthcare, Higher Education, Local & State Government, and Airport expansion.
Growth & Expansion
The company’s significant $36.6 million signed backlog and targeted $32.7 million of backlog additions in 2025 ($69.3 million total) position the company well for growth and attractive profitability into 2025 and beyond. The founders are dedicated to staying onboard for 3-5 more years and their vision is to grow the business organically to over $20 million in annual sales.
Reason for Selling
Owners are nearing retirement age and seeking strategic capital partners. Learn
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Matt Hultquist
Matt Hultquist