Internet of Things New Homes Electrical Specialist
| Gross Revenue: | $7,719,000 |
| EBITDA: | $528,000 |
Available for acquisition is a a New Homes Electrical Contractor specializing in the Internet of Things (IOT) / Smart Homes (SH) technologies, with headquarters in the Southeastern United States. The Company provides a broad range of residential and commercial electrical contracting services, and is well established with new home builders in a highly lucrative and fast-growing region. The Company has specialized in upmarket, higher end installations for the growing number of homes that utilize Internet of Things / Smart Homes to monitor, secure, and optimize the home environment. The Company is at the leading edge in offering advanced technology solutions that can be easily leveraged by any acquirer to create wider market reach and improve margins in a highly competitive Electrical Contractors market.
Backed by its skilled and loyal employees, the Company’s continuous growth in revenue and profitability has been fueled by its $37+MM contract backlog, robust technology offerings, high client satisfaction (produced from years of high quality work, completed on-time and on-budget), and strong industry relationships. The Company’s financial success is reflected in its tremendous growth and profitability, as the specialization in Internet of Things / Smart Homes focuses on revenue that is 7.5X higher than standard electrical installations. The residential IOT / SH market is large and getting larger; projected to exceed $867B by 2030. Estimates are that over 47% of all homes will have at least some IOT/SH tech installed and that over 85% of all new homes will be deployed with IOT/SH technologies.
Highlights & Key Assets:
The acquisition of this Company provides the acquirer with a number of immediate strategic advantages in an increasingly cost-competitive environment, including:
o $37+MM contract backlog
o Strong relationships with builders of larger, higher-end and luxury residences of between 5,000 and 8,000 square feet
o Multiple high margin contracts for entire high end and luxury subdivisions
o Dominating the region’s market in wiring for Internet of Things / Smart Homes
o Projects where revenue is 7.5X higher than standard electrical installations
o Roadmap to expand the high margin service department
o 43 loyal and highly trained staff
