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Details - Information last confirmed on June 22, 2021
For over 30 years, this highly profitable general engineering company has provided the complete set of exterior site services and end-to-end project management for high-density housing, commercial and industrial projects. The San Jose greater metro-area is forecasted to have excellent growth within the markets served, solidifying their forecasted annual revenue growth (12.5%) over the next 3 years. 2021 forecasted revenue and EBITDA, respectively are $27 Million and $3.8 Million, as compared to $14 Million revenue in 2017. The company has achieved this 20% YOY revenue growth the last 4 years, while keeping long term liabilities at less than $600,000 and annual capital expenditures averaging less than $1,000,000.Their track record of successful growth is fueled by the company’s reputation, their offering of a complete set of services, an experienced management team with field experts (80 employees), an extensive reliable fleet (92 vehicles worth over $3 Million) and the utilization of first-class project and management systems.
As part of their exit strategy planning, the owner approves new projects and attends to higher level organizational needs with management oversight. He is not involved in day-to-day project decisions or on any contact list. Managers, superintendents, foreman and employees are empowered to solve problems real-time, in accordance with company policy within the team culture. Business referrals come into the company by website, phone or direct contact with employees (not the owner).
This streamlined, full-service organization offers an extensive set of exterior site services under one project manager, greatly simplifying the client’s requirements of having to manage several subcontractors. Services include site prep, landscape, site concrete, pavers, paving and project management. This suite of offered services are an added barrier to competitive entry in this market. Experienced tenured field leaders and tradespeople are represented by several local unions and are supported by the outstanding office leadership team.
Qualified buyers must have a Class A, General Engineering Contractor License in California, with related construction engineering and management experience. The owner plans to pursue other business interests after the 100% sale. Training will be mutually agreed to help facilitate buyer success.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.