This large, growing, and profitable plumbing contractor, with a substantial presence in the multi-family residential construction market in Ontario, has recently become available.
As a well-established and respected competitor in the construction industry, this would be an excellent opportunity for acquisition by an individual with experience in the business, or for a corporation looking to enter this market, or for someone already in this market looking to improve their market share. With revenue of almost $22,000,000 last full year end (October 2016), and profitability (adjusted EBITDA) of $711,000, as well as a backlog of approximately $20,0000,000, this business can be expected to contribute significant value to the acquirer. This business is being offered as a share sale. Other aspects of this attractive business are:
• Substantial recent growth of revenue and profitability.
• Participate in Design/Build projects.
• Sale includes working capital of $2,000,000.
• Also included are inventory with an approximate value of $150,000, as well as vehicles and equipment with an approximate value of $250,000.
• Several sites are active at any one time, each working under the guidance of an experienced and capable foreman.
• Total number of employees is approximately 60.
• Union shop.

Posted Sep 21, 2016

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