Business Overview
About the Company
This electrical firm is engaged on industrial and government
and municipal projects, where the “direct client” is a
General or prime Contractor. The expertise of the electrical
firm is in designing, installing and maintaining above and
below ground public transportation systems such as
commercial street cars, and traffic lights. They are boasting
over $39,000,000 in Backlog, spanning over 22 different
projects. Serving the Pacific Northwest, with 3 strategically
located offices in Washington and Oregon their team of
over 60 is large enough to have multiple jobs with several
crews simultaneously. Due to the recently passed US
Infrastructure Bill, this business will grow significantly in the
near future as $66 Billion dollars have been set aside for
transportation infrastructure work in Washington and
Oregon! The purchase of this business comes with over
$5M in assets including $1.7M in vehicles, $600k in
equipment, along with working capital of $2.7 million+! The
senior leadership includes a CFO, VP, and Superintendent
and a Director of Project Management. The staff is robust
with 5 PM’s, 17 Electricians, 7 administrators, plus railroad
maintenance, equipment operators, and warehouse labor.
This team allows the Owner to take extended vacations and
time away from the office, where it runs like a well-oiled
machine!
The owner is looking for a strategic growth minded buyer to
scale this business to new heights and plans on staying
with the business for 3 years after the sale; his ongoing
salary has been accounted for in the Cash Flow Analysis.
Priced at $14,250,000, the seller is willing to finance 10% of
the purchase price in addition to an Equity Roll of 20% to
show good faith in the ongoing success of the company.
70% Cash at close will return $1,750,522 in the first year
after debt payments!
