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35+ Year Old Profitable Paving Company

United States
Construction
Company Data
Price
$7.0M
9%
Revenue
$19.8M
Top 10%
Profit
$1.8M
4X
Business Overview
About the Company
This Illinois union based paving company that has continued to persevere through economic downturns, shifts in technical applications of their service offerings and the evolving personnel relationships with local unions and client base. The company’s continued success is driven by strong management efficiencies put in place by the CEO and VP who have been with the company since inception. Discipline in pricing has given the company an average gross margin of 16%, nearly double the industry average. The company goes to market solely through the public bidding process and has a reputation for getting the job done well and on-time. The public market process allows the company to grow by word of mouth and reputation which results in little or no need for marketing. Business has been operating for over 35 years. Fifty person team with an average tenure of 15 years with the company. Go-to-paving company in their geographic market with consistent financial performance. With a diverse client base, strong management structure, proven financial record, and the vastness of the geographic market and industry, this Company is poised for continued success under new management or guidance.
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