Gross Revenue: $4,400,000

Cash Flow: $2,000,000

Started in 1992, the company provides heavy marine and underwater construction services, meeting their customer’s needs with fast, efficient, safe, quality service. Services include Commercial Diving, Maintenance and Repair, Inspection, Contaminated Environment Diving, Civil Engineering, Ship Husbandry, and Heavy Marine Construction. The company’s clients include Federal and State Government Agencies, Port Authorities, Shipping Companies, and Oil and Gas Companies.

The company’s revenues have increased by more than 225% since 2002 with strong profitability: Fiscal Year 2004 Normalized Cash Flow was over $4.5MM. The company has little competition in the local market, allowing them to garner repeat business with high margins. The company’s success can be attributed to the concept that their first objective on every job is customer satisfaction. The company is committed to teamwork and has an incredible safety record.

Year Established: 1992

Employees: 50 full time -

Facilities: The owners just completed the construction of a new corporate headquarters. The new facility, workshop and yard will support planned future growth.

Management Training and Support: The owners are looking to stay on for an extended period of time through a strategic partnership.

Reason For Selling: The owners are looking for a strategic partner that can help them grow the business and take it to the next level. The owners are seeking the most attractive offer and are willing to entertain varying financial and legal structures.