Government-backed heavy civil construction company with a 10+ year track record, a $55M+ project backlog, and trailing-year revenue of $32.1M.

Business Overview
This heavy civil construction company has operated in the Houston, TX metro for over a decade, delivering large infrastructure projects including highways, roads, bridges, sidewalks, and wet and dry utility installations. The company manages the full lifecycle of a project, from design through construction and service, with skilled in-house crews and senior engineering leadership.

The business has built an excellent reputation with municipal and state government clients, supported by strong safety records and yearly audited financials that qualify it to bid on and win public infrastructure contracts. While its historical focus has been government work, the team has the design-build capability and experience to take on commercial projects, including offices, industrial warehouses, medical clinics, and educational facilities.

The company is positioned in one of the fastest growing metros in the country, where infrastructure demand consistently outpaces supply.

Financial Highlights
The trailing twelve months (June 2025 to May 2026) produced approximately $32.1M in revenue and $5M in net income (~16% margin).

2024 was a staging year: the company overstaffed ahead of major awards and absorbed delays on a large project where utility relocation pushed the most profitable billing into later periods. Those deferred profits are now being realized, driving the record trailing-year performance. The company carries audited financials across all reporting years, with add-backs tracked and documented for due diligence.

Revenue history (audited basis):
Year Revenue Adjusted EBITDA
2021 $8.8M ~$3.5M
2022 $17.0M ~$3.8M
2023 $12.5M ~$3.5M
2024 $15.0M ~$0.9M (investment/staging year)
2025 $27.2M ~$2.6M
TTM (Jun ’25 – May ’26) $31.8M ~$5M

Investment Highlights
$55M signed backlog. Contracted, largely public-sector work. Projects typically run 1 to 3 years, providing multi-year revenue visibility.

Bonding room to grow. $40M single-project and $70M aggregate surety, with ~$20M unused. Ownership deliberately paused bidding after securing $50M+ of contracts, reserving capacity for higher-margin work. An acquirer inherits both the backlog and undeployed capacity.

New ~$40M asphalt award. Historically concrete-focused, the company recently signed a large asphalt-heavy project and owns two complete asphalt spreads. Construction has not yet begun, so a buyer closing before mobilization captures the full project economics. In-house asphalt roughly doubles the pool of work the company can bid and self-perform.

Recurring government relationships. 12+ year relationships with a state DOT, a major regional transit authority, a large county, and a municipal client, all with perpetual, funded pipelines. Also engaged as a subcontractor to one of the largest transportation contractors in Texas.

Senior, low-turnover team. 126 employees including engineers, superintendents, foremen, an operations director, and an internal CPA controller. Turnover is well below industry average. Senior staff have delivered billion-dollar highway programs.

Management-run. The senior team already runs day-to-day operations independently of the owner and can continue post-close with minimal owner involvement.

Owned equipment fleet. Two asphalt spreads, excavators, rollers and compaction equipment, work trucks and trailers. Minimal near-term capex.