Business Summary:
This business is one of the largest electric and security automation subcontractors in the region, boasting over $11M in secured work, $10M in sales, and a diverse client base comprised of schools, airports, casinos, distribution centers, municipalities, manufacturers, and venues! 65% of their revenue is new installs in existing buildings – which turn into maintenance revenue, which accounts for 35% of sales. With over 50 current employees, the owner of this business is willing to remain part of the team for 1-2 years. These specialty contractors focus on specialized electrical and low voltage work including automation, security, infrastructure, and industrial projects. Seven of the over fifty employees focus on administrative tasks, while the rest are union employees who work on-site. The well-rounded crews include project managers as well as supervising managers. The owners currently focus on estimations, project management and business oversight and are not in the field. Projects often include large-scale security system installation, industrial machine installation and maintenance, complete electrical installation, data center electrical work, and the installation of building automation with related controls. They focus on data/security and automation. The $753,000 in assets includes Shop tools, furniture, fixtures, electric benders, tugger, high voltage tester, 2014 John Deer tractor, off road ATV, conduit bender a track loader, 9 Ford trucks, 6 Chevy Trucks, 2 trailers, 1 load haul and 1 GMC truck. Priced at $6,200,000, the company has shown exceptional growth over the years and the transition to electrical focused services has benefited this company. A continued dedication to automation, data centers, and security could generate future growth. Return on investment in the first year after debt payments is 113%.
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