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Details

A full-service licensed electrical contractor firm specializing in residential and commercial project solutions. The company provides electrical engineering primarily for new construction and renovations. Services include power & lighting, fire alarm installation, tele/data wiring, site lighting, and emergency generator installations.
Key Aspects
• Average gross profit margins of 26.9% from 2018 to 2020
• Secured work-in-progress of approximately $933K as of October 31, 2021
• Excellent reputation in the industry with over 100 years of combined experience
• In-house design team
• Long-term contracts in place
• Customer retention rate of 85% as a result of on-time service and performing within budget
Opportunities
• Implement maintenance programs for recurring revenue
• Expand geographic market
• Diversify service offerings to attract additional clients
• Utilize technology to increase production such as design-build modeling systems and mobile devices
• Actively seek energy efficient clients
Headquartered
• Florida
Current Markets
• The company provides full-service electrical contracting services to residential, commercial, and industrial customers throughout southern Florida.
Real Estate
• The company operates from a 7,000 sq. ft. facility owned by an affiliated entity and is not included in the sale. Management notes that ownership is willing to enter into a long-term lease.
Shareholder Objectives
• The company is owned by two shareholders, with one holding a majority position. Both owners would like to de-risk and start preparing for retirement; however, they are willing to stay with the company for a transition period under new ownership. Both owners believe the company is in a position to expand and take advantage of growth opportunities in the industry.

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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.