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This acquisition opportunity is for a well-established, highly reputable 41-year electrical contractor business located In Monterey County.
Their specialties include vacuum coolers, greenhouse engineering services, greenhouse wiring, environmental control, temperature control systems, generator installations, and other services common to the agricultural clients.
For industrial clients they provide conveyor wiring solutions, energy efficiency solutions, harmonic installation, specialty voltages, lighting retrofit, and PLC solutions.
Commercial services offered include breaker boxes, GFCI outlet installation, office electrical solutions, outdoor illumination, power outlet installation, and safety inspections.
Although located in Monterey County, the service area covers the surrounding counties of San Benito, Santa Cruz, and Santa Clara.
The demand for quality electrical services in this area is growing with many contractors experiencing booked backlog work. Growth potential is almost unlimited especially if the residential market were to be targeted as well.
This company caters primarily to the agricultural industry. Some of their clients include Dole and Tanamura & Antle, two of the largest growers in California, which accounts for roughly 40% of their business, and includes most of the services listed above. The industrial customers range from manufacturing facilities to warehouses, and everything in between, which accounts for 40% of their business as well. The remaining 20% of business comes from smaller commercial accounts and residential customers.
There is 1 superintendent who manages 4 foremen and handles most of the bids and purchasing supplies. The 4 foremen schedule the individual jobs and assign the different tasks to the 12 certified journeyman electricians and 3 apprentices, who in turn perform the electrical work and labor.
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