Jul 22, 2020 — Located in Western Michigan, this 50+ year-old company has transformed itself into a local powerhouse by diversifying its service offerings and garnering key longstanding relationships with the area’s most prestigious and largest employers, including manufacturing companies, hospital systems, schools, beverage companies, and retail big box stores.
Its list of services includes fiber optics, machine automation, commercial and industrial lighting design, retrofitting for energy savings, installation of fire alarm systems, CCTV and card access systems, industrial machine start-up, troubleshooting, and repair in addition to typical electrical services. 80% of the Company’s work is private negotiated.
The Company retains a strong management team and a younger generation that has been willing to step up into leadership roles as the current owners have gradually transitioned towards retirement.
A large part of the Company’s success can be attributed to its employee-focused culture. The Company invests in hiring good employees with diverse career backgrounds. The Company trains them and allows them to grow, which in turn, results in superior customer service and satisfaction and, ultimately, growth and profitability.
The Company has been a proud member of an electrical workers union for several years, and it has served them well. This relationship is expected to continue.
Buyers will be required to have a minimum of $400,000, solid credit, and preferably industry experience to qualify for SBA 7a financing.
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