Ready to “dig up” some massive profits?
The Company completes excavation work, water lines, sewer lines, chemical sewer lines, site development and restoration, pile driving, snow removal, and utility repairs for large industry-leading industrial companies. Typical job sizes range anywhere from $2,000 to $4,500,000.
Due to its 60+ year relationships with these customers, the Company is one of the two specialty contractors in its geographic area of operation. With minimal competition during the bidding process, the Company consistently produces elevated margin levels compared to commercial and MDOT (Michigan Department of Transportation) contractors.
The Company maintains a longstanding and experienced employee base with an average Company tenure of 16+ years and no union ties. The owner supports the employees and does not micromanage but will work alongside the employees in the field when necessary. The Company’s top six managers have an average tenure of over 22 years. The management team is fully capable of running the Company’s day-to-day operations without oversight from the owner.
The owner has spent most of his life working in the Business and is ready to begin the transition into retirement. The owner would like to sell the Business so it can continue providing service to its customers and employment to its loyal employees. Currently, the owner assists in day-to-day operations, purchasing materials and equipment and working in the field as necessary. The owner is willing to continue in the Business full-time for one year, post-transaction, before transitioning to a part-time/ad-hoc role.
The Company’s facility is owned within the Business entity. The owners are flexible on selling or leasing the real estate with the Business.
Buyers will be required to have a minimum of $2,000,000 in available liquid capital to receive information about this Non-Union Heavy Civil Excavation Contractor.
Financial Information
TTM September 30, 2022 Revenue: $10,213,927
TTM September 30, 2022 Cash Flow: $3,142,246 (Adjusted EBITDA)
Estimated Real Estate Value: $700,000
Estimated Equipment Value: $4,000,000
Additional Information
Number of Employees:Â 25
Facilities: The Company operates out of a 12,600-square-foot facility that is owned by the Company. The facility is split between an office area (3,000 square feet) and a maintenance shop (9,600 square feet). The property is located in an industrial-zoned area with neighboring properties and buildings available if expansion is necessary.
Support/Training: Ownership is willing to provide reasonable and customary assistance during the transition period. Current ownership is open to remaining employed by the Company for a period of time post-sale of the Business.
Reasons for Selling: Ownership would like to pursue retirement.
Investment Highlights
(1) Experienced and Long Tenured Management Team
(2) Pre-Negotiated Labor and Equipment Rates
(3) Limited Competition
(4) Long-Standing Customers
Growth Opportunities
(1) Increase Equipment Utilization
(2) Favorable Downstream Market Trends
(3) Improve Online Presence
(4) Targeted Recruitment Strategies
The BEST way to receive confidential information about this opportunity is to fill out the form below.
Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact info@caldergr.com with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about this Non-Union Heavy Civil Excavation Contractor for sale!