Commercial Electrical Contractor in High-Growth Market
Business Description
Description:
The Company is a low-voltage electrical contracting business specializing in renovation and new construction projects for commercial buildings. The Company brings extensive industry expertise and a strong reputation for quality work. The Company remains committed to delivering its clients the highest level of service, ensuring reliability, professionalism, and customer satisfaction.
Key Aspects:
• From 2021 to 2024, excluding one-time income, the Company's gross profit and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 7.1% and 8.9%, respectively.
• The Company is located in a state with an electrician industry that is projected to outpace the national average revenue over the next five years to 2029, according to IBIS World.
• As of January 1, 2025, the Company has secured approximately $11.03M in contract value, with $6.09M remaining to be billed by FYE 2025.
• The Company has an 85% repeat client rate in 2024, according to management.
• The Company has a bonding capacity of $4.5M for single projects and $12M in aggregate.
Opportunities:
• The Company operates in a rapidly growing metropolitan region, supported by multiple major universities and expanding commercial development, creating strong opportunities for continued growth.
• Management notes that, as of March 5, 2025, the Company had bid on over $10M worth of projects.
• Given its current size, the Company selectively pursues projects that align with its strategic focus, leaving significant market opportunities available for expansion.
• The Company has grown exclusively through referrals and has never actively marketed its services, presenting a significant opportunity to drive new business through targeted marketing.
• Increasing demand for energy-efficient electrical solutions, electrical vehicle (EV) chargers, and sustainable infrastructure presents a growing revenue stream.
• According to management, the Company can scale operations to serve the growing residential market without significant capital expenditures.
Headquartered:
• Southeast, US
Current Markets:
• The Company serves the commercial construction industry, focusing on renovation and new construction projects in the Southeast, US.
Real Estate:
• The Company operates from a 17,000 sq. ft. facility leased from a related party. The owners are willing to enter into a long-term lease agreement following the sale of the Company.
Shareholder Ownership:
• The Company is owned equally by two shareholders seeking a complete exit. The owners are open to remaining with the Company for a transitionary period to facilitate a smooth transition to new ownership.
The Company is a low-voltage electrical contracting business specializing in renovation and new construction projects for commercial buildings. The Company brings extensive industry expertise and a strong reputation for quality work. The Company remains committed to delivering its clients the highest level of service, ensuring reliability, professionalism, and customer satisfaction.
Key Aspects:
• From 2021 to 2024, excluding one-time income, the Company's gross profit and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 7.1% and 8.9%, respectively.
• The Company is located in a state with an electrician industry that is projected to outpace the national average revenue over the next five years to 2029, according to IBIS World.
• As of January 1, 2025, the Company has secured approximately $11.03M in contract value, with $6.09M remaining to be billed by FYE 2025.
• The Company has an 85% repeat client rate in 2024, according to management.
• The Company has a bonding capacity of $4.5M for single projects and $12M in aggregate.
Opportunities:
• The Company operates in a rapidly growing metropolitan region, supported by multiple major universities and expanding commercial development, creating strong opportunities for continued growth.
• Management notes that, as of March 5, 2025, the Company had bid on over $10M worth of projects.
• Given its current size, the Company selectively pursues projects that align with its strategic focus, leaving significant market opportunities available for expansion.
• The Company has grown exclusively through referrals and has never actively marketed its services, presenting a significant opportunity to drive new business through targeted marketing.
• Increasing demand for energy-efficient electrical solutions, electrical vehicle (EV) chargers, and sustainable infrastructure presents a growing revenue stream.
• According to management, the Company can scale operations to serve the growing residential market without significant capital expenditures.
Headquartered:
• Southeast, US
Current Markets:
• The Company serves the commercial construction industry, focusing on renovation and new construction projects in the Southeast, US.
Real Estate:
• The Company operates from a 17,000 sq. ft. facility leased from a related party. The owners are willing to enter into a long-term lease agreement following the sale of the Company.
Shareholder Ownership:
• The Company is owned equally by two shareholders seeking a complete exit. The owners are open to remaining with the Company for a transitionary period to facilitate a smooth transition to new ownership.
Listing Info
- ID
- 2350631
- Listing Views
- 297
Attached DocumentsAttachment Disclaimer
Teaser_BN000062238_Commercial_Electrical_Contractor_in_High_Growth_Market_V1.pdf
Listing ID: 2350631 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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