High-Growth Utility Contractor
Business Description
Established in 2007, this Texas-based underground utility contractor has grown into one of the region’s most trusted and profitable operators, serving a diverse base of municipal, commercial, and institutional clients. The company specializes in full-scope underground utility and site development work including storm drains, water lines, sewer, gas, fire lines, excavation, and site preparation. With deep relationships, consistent referrals, and a high rate of repeat business, the company has built a proven platform positioned for continued expansion.
The business has experienced significant growth in recent years, supported by a strong balance sheet, loyal field teams, and a clear strategic vision. Revenue for 2025 is projected at approximately $15 million with a 29% EBITDA margin, driven by recurring repair and maintenance work and a record $14 million project win that secures the foundation for over $20 million in forecasted 2026 revenue. The company maintains more than $1.5 million in liquidity and operates with minimal debt, ensuring flexibility and stability as it scales to meet market demand.
With a 3.5-acre owned headquarters property featuring custom-built office and shop facilities, the business offers operational flexibility and real estate optionality for a buyer. The company’s 38-person workforce includes highly tenured superintendents, operators, and project managers—many with 10–18 years of experience—providing strong continuity and preserving relationships across developers, engineers, and municipalities.
Unlike many contractors in the region, the company operates almost entirely on inbound work and referrals, earning preferred status with major developers, regional universities, and public institutions. Their work mix spans both private and public projects, ranging from new subdivision infrastructure to large-scale commercial and institutional site packages. Strong bonding capacity and trusted supplier relationships ensure the company can execute quickly and cost-effectively, often mobilizing faster than competitors and maintaining high margins without the overhead of advertising or business development expenses.
Several compelling growth levers remain untapped. Management has identified substantial opportunity to expand into data center and government projects, with active discussions that could yield over $50 million in additional contract work over the next three years. Additional expansion into Lubbock—supported by the current backlog—could significantly increase annual revenue and provide strategic access to major new developments and industrial zones. The company has also declined federal work in the past, presenting an immediate path for a buyer with broader operational capacity or government contracting experience.
The owner has structured operations for an efficient transition and is open to remaining for a negotiated period to ensure seamless continuity. With a long-standing reputation for quality, reliability, and integrity, the company is ideally suited for a strategic or financial acquirer seeking an established platform in underground utilities and site infrastructure.
This is a rare opportunity to acquire a profitable, well-capitalized, and growing utility contractor in a high-demand market. Strong financial performance, loyal crews, minimal leverage, and a deep project pipeline provide a solid foundation for continued growth and expansion.
The business has experienced significant growth in recent years, supported by a strong balance sheet, loyal field teams, and a clear strategic vision. Revenue for 2025 is projected at approximately $15 million with a 29% EBITDA margin, driven by recurring repair and maintenance work and a record $14 million project win that secures the foundation for over $20 million in forecasted 2026 revenue. The company maintains more than $1.5 million in liquidity and operates with minimal debt, ensuring flexibility and stability as it scales to meet market demand.
With a 3.5-acre owned headquarters property featuring custom-built office and shop facilities, the business offers operational flexibility and real estate optionality for a buyer. The company’s 38-person workforce includes highly tenured superintendents, operators, and project managers—many with 10–18 years of experience—providing strong continuity and preserving relationships across developers, engineers, and municipalities.
Unlike many contractors in the region, the company operates almost entirely on inbound work and referrals, earning preferred status with major developers, regional universities, and public institutions. Their work mix spans both private and public projects, ranging from new subdivision infrastructure to large-scale commercial and institutional site packages. Strong bonding capacity and trusted supplier relationships ensure the company can execute quickly and cost-effectively, often mobilizing faster than competitors and maintaining high margins without the overhead of advertising or business development expenses.
Several compelling growth levers remain untapped. Management has identified substantial opportunity to expand into data center and government projects, with active discussions that could yield over $50 million in additional contract work over the next three years. Additional expansion into Lubbock—supported by the current backlog—could significantly increase annual revenue and provide strategic access to major new developments and industrial zones. The company has also declined federal work in the past, presenting an immediate path for a buyer with broader operational capacity or government contracting experience.
The owner has structured operations for an efficient transition and is open to remaining for a negotiated period to ensure seamless continuity. With a long-standing reputation for quality, reliability, and integrity, the company is ideally suited for a strategic or financial acquirer seeking an established platform in underground utilities and site infrastructure.
This is a rare opportunity to acquire a profitable, well-capitalized, and growing utility contractor in a high-demand market. Strong financial performance, loyal crews, minimal leverage, and a deep project pipeline provide a solid foundation for continued growth and expansion.
About the Business
- Years in Operation
- 19
- Employees
- 45 Full-time
- Facilities & Assets
- The company operates from a 3.29-acre site with ~4,800 SF of office and shop facilities. Real estate is available for purchase or lease. The business owns a substantial fleet of heavy equipment (excavators, trenchers, trucks, and support equipment) with approximately $6.2M in original cost and ~$2.0M net book value. Additional equipment is leased as needed. Assets are well-maintained with consistent annual reinvestment.
- Opportunities for Growth
- Significant growth opportunities exist through geographic expansion into nearby markets such as Lubbock, where demand already supports additional crews. The company has the ability to scale operations by adding crews and project management capacity to increase throughput. There is also a strong pipeline of larger infrastructure projects following the successful execution of recent $10M+ contracts. Additional upside exists in pursuing federal and government work (including nearby facilities with expanding budgets) and entering adjacent verticals such as data center infrastructure and oil & gas projects. The business has historically been capacity-constrained rather than demand-constrained, providing a clear path for continued growth under expanded ownership.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,800
About the Sale
- Seller Motivation
- retirement
Listing Info
- ID
- 2492729
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2492729 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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