Business Overview
About the Company
This professional PM and construction management firm plans andmanages renovations and maintenance for military bases acrossthe upper West Coast. Clients are 90% Federal/Government and10% private hire, including the VA, Navy, US Coast Guard, Army,School Districts, and Apartments/Condos. There are typically 20-30active jobs concurrently which represents a current WIP of$24,000,000 plus several multi-year contracts in backlog. A highlydeveloped management team is in place where there are about 35key employees, including a President, CFO, 4 Project Managers, 2Engineers, 5 Superintendents, 2 Foreman, 5 Estimators, 4 QualityControl, plus Admin, IT, and Assistants. This allows the owner towork remotely, spending only 10 hours per week providing“strategic vision” to the leadership team. They have a 4+ yearbacklog with multi-year contracts with proprietary deal flow in over$120 Million in contracts. The Seller is willing to stay 2-3 years postclose and will also offer a promissory note and/or equity roll of 30%as a sign of good faith. With the purchase, a buyer would receive$2.9M in assets, including working capital and the vehicles andequipment needed to continue successfully. CapEx remains verylow at less than $200K per year. Reoccurring clients are the VA,Federal Government, and the US Military. There will not be anyimpact on this business should there be a recession, Governmentshutdown or upcoming election. In fact, due to the passed USInfrastructure Bill, this business will have organic growth as the billhas billions of set asides for our military bases.
