Details - Information last confirmed on May 12, 2021
Very successful, well run, 20+ year-old electrical contractor located in the southeast US focused on commercial, industrial, healthcare and government construction. Services include: Design/Build, Service & Maintenance, Commercial Lighting, Low Voltage Systems, Preventative Maintenance, and Value Engineering. The business comes with associated real estate, equipment, and book of work as the founders wish to retire.
Established in 1998 by two experienced electricians, the company has grown into one of the largest and most capable electrical construction operations in their market with a full-time staff of over 70 trained personnel and more than $10M in 2020 sales.
Due to their size and capabilities, there are limited comparable local competitors. While there are competitors, the business enjoys a good reputation and is effective at successfully competing in the local market. 2020 was a record year and the business outlook for 2021 remains solid with a strong backlog and a number of large private and public sector customers.
Currently, the company is working at full capacity which affords them the opportunity to be selective in new projects undertaken and they are in fact turning down work and not doing any marketing. With modifications in operational capacity, there is an opportunity to increase engagement with existing customers, widen the customer base in existing areas and expand into new areas that are not a current focus for the business.
A competent and experienced management and office team will transfer with the business. Also, the owners are willing to stay on for a period of time after the sale to help facilitate a smooth operational transition and educate the new buyer on the business and local marketplace. In addition to the unlimited NC electrical contractor licenses held by the owners, a senior member of the remaining management team also holds a valid NC electrical license.
2.81 acres; approx 15,000 sq ft including a metal office/shop bldg, 4 garages, multiple Conex
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