Details

This Southern Ontario Contractor is highly successful in the key sectors where it has operated for over 65 years. These include extensive accomplishments over decades in the following sectors: Steel, Energy, Municipal, Mining, Distribution and Manufacturing. This diversification has been vital to its success.

Financial results vary from year to year based upon project bids and completion. The company is listed at a reasonable 3.25X multiple of average annual normalized cash flow (FY2017-FY2020) at $5,000,000 plus real estate valued at $1.5 million and the valuation considers the strength of the vehicle and equipment asset holdings. Listing price is $6,500,000.

It is run conservatively without debt and a focus on quality with a highly competent management team. The company retains a broad satisfied customer base and receives many projects through referrals and a network of sub-contractors, suppliers and associations with large mechanical and electrical firms. A good backlog of business exists.

The company is poised to deliver a record-breaking year in 2021 with a number of major projects underway. Revenue will approach $30,000,000 and normalized SDE (pre-tax cash flow) for 2021 could reach $2.3 Million after all OPEX.

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