Strong Overall Earnings Growth: Earnings as measured by EBITDA increased at a 67.4% CAGR between 2011 and 2013.

The Company is a unionized water and sewer contractor performing infrastructure repairs and replacement projects in a major Midwest market. In 2013, revenue was derived from water main repair (84%), sewer repair (10%), and trucking (6%).
The Company focuses on upcoming bids for municipal contractors and maintains an open discussion with supervisory staff to provide feasible solutions to various projects/situations such as pipe bursting, directional drilling, and alternative materials available in the market.
The Company has four active accounts and serves municipalities, general contractors, construction managers, and private owners.
* Superior Name and Reputation: In business for 48 years, the Company is well established with a reputation for experience and quality workmanship.
Low Employee Turnover: The superintendent has been with the Company since 1993, the two foremen since 1996 and 2006, and office manager since 2005.
* Strong Key Customer Relationships: The Company’s primary customer has been a customer since 1974 (40 years). This relationship remained intact through ownership changes in 1991 and 2006.

Posted Nov 19, 2015

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