Mobile Occupational Health and Safety Services Provider
Gross Revenue: | $2,616,000 |
EBITDA: | $945,000 |
Description:
The Company is a mobile medical services provider specializing in occupational health and safety. The Company offers a range of health services, including hearing conservation testing, respiratory fit testing, and on-site health services such as vaccines, drug & alcohol testing, and employment physicals. Additionally, the Company offers various Occupational Safety and Health Administration (OSHA) compliance training programs tailored for schools, hospitals, first responders, agriculture, manufacturing facilities, and energy production plants.
Key Aspects:
• Revenue Growth: The Company's revenue grew at a compound annual growth rate (CAGR) of 8.7% from 2021 to the trailing twelve months (TTM) ending August 31, 2024.
• High Margins: The Company's adjusted EBITDA margin averaged 30.4% from 2021 to 2023.
• Client Reputation: The Company has established a strong reputation with over 25 years of delivering exceptional customer care and occupational health expertise to its clients.
• Professional Staff: The Company's highly trained and certified fit test technicians consistently demonstrate professionalism and punctuality, resulting in positive feedback and a high client retention rate.
• Long-Term Clients: The Company has built strong client connections through extensive years of service, with some engagements lasting over 20 years.
Opportunities:
• Extend Geographical Reach: Expand operations nationwide with an emphasis on entering neighboring states to enter an untapped market.
• Diversify Client Base: Leverage new industries, such as technology and financial firms, which could benefit from on-site medical services.
• Expand Education Services: Increase engagement with school districts across the country to develop and expand this sector of the Company.
• Develop New Marketing Initiative: Employ new marketing strategies to expand brand awareness and increase new client prospects.
• Enhance Company Website: Utilize search engine optimization (SEO) to increase website accessibility and improve the client's user experience.
Headquartered:
• Western, US
Current Markets:
• The Company provides occupational health services across various industries, focusing on education, emergency services, healthcare, municipalities, and power generation, with lesser focus on catering to industrial, agriculture, and construction sectors.
Real Estate:
• The Company primarily operates out an 1,000 sq. ft. facility in Western, US, which is leased from an affiliated entity and serves as an office space and fleet parking lot. While the facility is not included in the sale, management notes that a long-term lease can be negotiated at the current market rate. The Company utilizes an additional shared office space, which operates as an appointment-only clinic.
Shareholder Ownership:
• The Company is wholly owned by a single shareholder who wants to pursue personal interests. The owner is willing to stay with the Company as a consultant for a predetermined period to facilitate a smooth transition to new ownership.