The Company is a full service mechanical contractor offering plumbing, process piping, refrigeration, HVAC, and architectural sheetmetal. The Company provides services to both public and private sectors with target gross profit margins ranging from 12-15% for public projects and 15-20% for private projects.
The Company relies on word-of-mouth and referrals to generate business. Since inception, the Company has established an extensive network of contacts in numerous industries. The principals participate in direct selling activities with new and large account development.
Customer markets include industrial (50% of 2013 revenues), commercial (35%), and healthcare facilities (15%). The Company has over 40 active clients and enjoys a 75% rate of repeat business. The Company serves customers primarily located in the Midwest.
* Strong customer relationships: The Company has strong ties to clients due to its reputation for timely project completion and excellent customer service. This commitment is represented in the strong retention rate of accounts.
* Management will remain through transition: To facilitate a successful and orderly transition, the current owners are willing to remain with the Company during a transition period.
* Heavy equipment base: Over its history, the Company developed a strong asset base of construction and service equipment and vehicles, allowing multiple projects to be underway simultaneously.
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