Provider of Solar Equipment with Installation Coordination: $26M in Backlog

Kansas City,, Missouri

Business Summary: Boasting over $26 million in backlog, this well-established business has a versatile crew consisting of 8 core employees: Project Manager, 1 Client Liaison, 2 in Business Development, 1 Sales Manager, 2 in house design and 1 Sales Representative. This solar energy business meets with clients then designs systems for solar power equipment, and then coordinates the installation. They do not self-perform any installation labor. The current owner oversees his team but does not have any role in bidding, design, project maintenance etc. He has offered to stay with the company for 4-5 years plus he would like to roll equity at 20%. The current owner is looking to sell this business to a strategic growth buyer in order to add the business acumen needed to handle the massive upcoming growth.In August of 2022, the Senate passed a bill that would provide major tax credits for renewable energy which would directly benefit the new owner. Additionally, the continued push for green energy will call for organic growth in this industry. Due to their business model, they have commercial businesses, industrial municipalities, agricultural farms, nonprofit organizations, and schools. With very low equipment CapEx while allowing them to operate in Missouri, Iowa, Kansas, and Illinois with the potential for regional expansion with emphasis on municipal contracts. Priced at $15,500,000 this business has a great outlook when it comes to scalability as well as vertical growth!
Year Business was Established: 2011
Number of Employees: 8 core employees: 1 proje
Potential Growth/Expansion: The recently passed US Infrastructure Bill will directly and positively impact this company. Also, the continued push for green energy will organically push this industry.
Owner willing to finance: Buyer & Bank cash at close $6,500,000 Promissory Note $1,500,000 Non-Guaranteed: $7,500,000 20% Equity Roll $3,100,000 Earn Out with Benchmarks • Over 5-years $4,400,000
Owner willing to train: Roll Equity and stay on for 4-5 years.
Reason for selling: Strategic Growth