HVAC, Refrigeration, and Food Service Equipment Provider

Description:
The Company is a service company that designs, build, and installs heating, ventilation, and air conditioning services (HVAC) for commercial, industrial, and institutional companies and utilizes its own sheet metal fabrication facility. The Company also designs, sells, installs, and services refrigeration equipment and food service equipment.

Key Aspects:
• From 2020 through 2023, adjusted EBITDA has grown at a compound annual growth rate (CAGR) of 14.6%
• As of February 1, 2024, the estimated amounts remaining to be billed under signed contracts is approximately $7.1 million and is expected to be completed in 2024
• From 2020 through 2023, gross profits have averaged $1.9M with margins averaging 27.7%
• The Company has been in business for over 90 years

Opportunities:
• Capitalize on untapped markets in the company's current service area, with expansion of offerings throughout the Mid Atlantic, US
• Offer energy audits and consultations to help customers optimize their HVAC systems for energy efficiency and environmentally friendly options
• Explore the possibility of incorporating solar-powered HVAC systems, showcasing commitment to sustainability
• Management notes the Company has recently hired a new estimator/project manager with a background in plumbing and sees this as an opportunity to expand operations into the plumbing industry

Headquartered:
• Mid Atlantic, US

Current Markets:
• The Company primarily serves the commercial HVAC market, including customers such as supermarkets, schools, nursing homes, restaurants, churches, government buildings, and office complexes.

Real Estate:
• The Company operates from three facilities, a 23,000 sq. ft. office & warehouse space, a 14,000 sq. ft. open retail space, and a 6,000 sq. ft. sheet metal fabrication facility. All facilities are located in close proximity of one another and are leased from an affiliated entity. There is room to grow in all facilities and ownership notes it would be optimal to include all facilities as part of a sale.

Shareholder Ownership:
• The Company is solely owned by one shareholder. The owner is open to a variety of deal structures and is willing to remain with the Company for a predetermined amount of time to facilitate a smooth transition to new ownership.