Hot Listing
110+ Yr Commercial HVAC & Roofing Contractor | $1.79M EBITDA
Business Description
Operating continuously since 1914, this well-established commercial services business combines two complementary divisions: commercial HVAC and mechanical services, and commercial roofing.
The company serves a diversified base of commercial and industrial customers throughout Maine and has built a strong reputation for technical expertise, reliability, and quality execution. With more than a century of operating history, experienced divisional leadership, dedicated estimating teams, and approximately 48–50 W-2 employees, the business offers an established and scalable operating platform.
The company generated approximately $14.7 million in FY 2025 revenue and approximately $1.79 million in adjusted EBITDA. It also maintains approximately $6 million in combined backlog, providing meaningful forward revenue visibility.
The HVAC division provides commercial mechanical installation, service, repair, engineering, automation, and preventive maintenance. A growing base of recurring maintenance agreements creates dependable repeat revenue and additional opportunities for service expansion.
The roofing division performs commercial roofing installation, repair, replacement, and maintenance services. The company maintains valuable manufacturer certifications that allow it to compete for warranty-backed commercial projects and distinguish itself from smaller regional contractors.
A key competitive advantage is the company’s predominantly in-house W-2 labor model. Rather than relying heavily on subcontractors, the business maintains direct control over staffing, workmanship, scheduling, and customer service. This structure supports quality control, stronger customer relationships, and operational continuity.
The business also owns substantial operating assets, including a fleet of approximately 38 vehicles, specialized tools and equipment, and an in-house sheet-metal fabrication facility. These capabilities increase project capacity, reduce dependence on outside vendors, improve response times, and support stronger margins.
The owners have developed experienced management and operational teams within both divisions and are prepared to support a structured transition. This opportunity may be attractive to a strategic contractor, private equity group, family office, or experienced operator seeking a scaled commercial-services platform with recurring revenue, established infrastructure, and multiple growth avenues.
Key Investment Highlights
-Operating continuously since 1914
-Approximately $14.7 million in annual revenue
-Approximately $1.79 million in adjusted EBITDA
-Two complementary commercial-service divisions
-Approximately $6 million in contracted backlog
-Growing recurring HVAC maintenance revenue
-Approximately 48–50 predominantly W-2 employees
-Experienced divisional leadership and estimating teams
-In-house engineering and building-automation capabilities
-In-house sheet-metal fabrication facility
-Fleet of approximately 38 vehicles
-Valuable commercial-roofing manufacturer certifications
-Diversified and non-concentrated customer base
-Long-standing commercial customer relationships
-Transition-supportive owner-operators
-Significant cross-selling and regional growth potential
The company serves a diversified base of commercial and industrial customers throughout Maine and has built a strong reputation for technical expertise, reliability, and quality execution. With more than a century of operating history, experienced divisional leadership, dedicated estimating teams, and approximately 48–50 W-2 employees, the business offers an established and scalable operating platform.
The company generated approximately $14.7 million in FY 2025 revenue and approximately $1.79 million in adjusted EBITDA. It also maintains approximately $6 million in combined backlog, providing meaningful forward revenue visibility.
The HVAC division provides commercial mechanical installation, service, repair, engineering, automation, and preventive maintenance. A growing base of recurring maintenance agreements creates dependable repeat revenue and additional opportunities for service expansion.
The roofing division performs commercial roofing installation, repair, replacement, and maintenance services. The company maintains valuable manufacturer certifications that allow it to compete for warranty-backed commercial projects and distinguish itself from smaller regional contractors.
A key competitive advantage is the company’s predominantly in-house W-2 labor model. Rather than relying heavily on subcontractors, the business maintains direct control over staffing, workmanship, scheduling, and customer service. This structure supports quality control, stronger customer relationships, and operational continuity.
The business also owns substantial operating assets, including a fleet of approximately 38 vehicles, specialized tools and equipment, and an in-house sheet-metal fabrication facility. These capabilities increase project capacity, reduce dependence on outside vendors, improve response times, and support stronger margins.
The owners have developed experienced management and operational teams within both divisions and are prepared to support a structured transition. This opportunity may be attractive to a strategic contractor, private equity group, family office, or experienced operator seeking a scaled commercial-services platform with recurring revenue, established infrastructure, and multiple growth avenues.
Key Investment Highlights
-Operating continuously since 1914
-Approximately $14.7 million in annual revenue
-Approximately $1.79 million in adjusted EBITDA
-Two complementary commercial-service divisions
-Approximately $6 million in contracted backlog
-Growing recurring HVAC maintenance revenue
-Approximately 48–50 predominantly W-2 employees
-Experienced divisional leadership and estimating teams
-In-house engineering and building-automation capabilities
-In-house sheet-metal fabrication facility
-Fleet of approximately 38 vehicles
-Valuable commercial-roofing manufacturer certifications
-Diversified and non-concentrated customer base
-Long-standing commercial customer relationships
-Transition-supportive owner-operators
-Significant cross-selling and regional growth potential
About the Business
- Years in Operation
- 111
- Facilities & Assets
- The business operates through two established divisions with dedicated leadership, estimating, project management, and field personnel.
The HVAC and mechanical division provides installation, service, repair, engineering, automation, fabrication, and preventive-maintenance services. The roofing division provides commercial installation, replacement, repair, and maintenance services.
The company operates primarily with an in-house W-2 workforce, which provides greater control over quality, scheduling, training, and customer service than a subcontractor-heavy model.
Operational assets include:
-Approximately 38 service and project vehicles
-Specialized HVAC and roofing equipment
-In-house sheet-metal fabrication capabilities
-Established estimating and project-management systems
-Experienced administrative and operational staff
-Long-standing supplier and manufacturer relationships - Market Outlook / Competition
- The company serves a broad and diversified base of commercial and industrial customers throughout Maine. Its customer relationships are supported by:
-Long operating history and market reputation
-Recurring HVAC maintenance agreements
-Repeat commercial project work
-Emergency service and repair capabilities
-Manufacturer-certified roofing services
-In-house technical and engineering expertise
-Ability to perform larger and more complex projects
The business differentiates itself through:
-More than 110 years of operating history
-Two complementary service divisions
-Predominantly W-2 labor
-In-house engineering and automation capabilities
-In-house sheet-metal fabrication
-Manufacturer certifications
-Strong backlog and recurring service relationships
-Established regional reputation
-Capacity to complete complex commercial projects - Opportunities for Growth
- A new owner could pursue several potential growth initiatives, including:
-Expanding recurring HVAC preventive-maintenance agreements
-Increasing commercial service and repair capacity
-Cross-selling HVAC and roofing services across the existing customer base
-Expanding building-automation and controls services
-Increasing utilization of the in-house fabrication facility
-Adding technicians, project managers, and sales personnel
-Expanding into adjacent geographic markets
-Pursuing larger commercial and industrial contracts
-Building additional manufacturer and facility-management relationships
-Leveraging recent investments in business development
-Pursuing tuck-in acquisitions of smaller regional contractors
-Improving centralized purchasing and operational efficiencies across both divisions
The existing workforce, assets, management structure, certifications, and customer relationships provide a strong foundation for further expansion.
About the Sale
- Transition Support
- The current owner-operators are prepared to provide meaningful transition support to help ensure continuity with employees, customers, suppliers, manufacturers, and ongoing projects.
The length and structure of the transition period will be negotiated as part of the final transaction and may include continued involvement for an agreed period. - Financing Options
- Financing may be available for qualified buyers
Listing Info
- ID
- 2521393
- Listing Views
- 41
Listing ID: 2521393 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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