Description:
The Company is a 70-year-old multi-scope specialized subcontractor offering a suite of integrated building envelope and wall & ceiling construction services. The Company's core capabilities include metal stud framing, drywall, scaffolding, lath & plaster systems, exterior cladding systems, and fireproofing. Additionally, the Company offers ancillary services including wood framing, fiberglass-reinforced plastic (FRP) paneling, and other specialty installations. With ~95% of services performed in-house, the Company packages its capabilities to meet each client's specific project requirements, functioning as a one-stop specialty contracting partner across even the most complex scopes.

Key Aspects:
• Strong Revenue & Adj. EBITDA Growth: From 2023 to the TTM ending March 31, 2026, the Company grew revenue and adjusted EBITDA at CAGRs of 9.6% and 24.3%, with no direct marketing or sales efforts.
• Robust Backlog: As of January 31, 2026, the Company has $132.0M in backlog remaining to be recognized, spread across 93 active projects.
• Union Presence: The Company is a fully unionized subcontractor with union board involvement, enabling it to efficiently scale its workforce, actively participate in bargaining, and gain invaluable competitor insights.
• Strong Experience Modification Rate (EMR): The Company has maintained a low EMR, averaging 0.77 from 2021 to 2025, demonstrating its above-average safety standards and resulting in substantial cost savings.
• Established Market Reputation: With over 70 years of operations, the Company has built a strong industry reputation, grounded in consistent work quality, positive customer service, and multi-decade client relationships.

Opportunities:
• Expand Geographically: Enter adjacent markets where the Company's existing clients are already active and would welcome its services, enabling immediate, cost-efficient growth.
• Expand its Self-Performed Services: Broaden the service catalog to bring inhouse services currently subcontracted, such as acoustic ceilings, doors, and frames, thereby enhancing the Company's value proposition to general contractor partners by reducing coordination complexity and improving project control.
• Diversify Market Segmentation: Pursue projects in new high-growth markets, such as large-scale private work, high-rise residential properties, and building-wide tenant improvements, to increase market share.
• Leverage Public Investments In Education: Capitalize on the approved multibillion-dollar legislation dedicated to education construction and remodeling projects to further scale operations, increase revenue, and tap into new education markets across the state.

Headquartered:
• Western, US

Current Markets:
• The Company is a business-to-business (B2B) subcontractor serving construction firms and general contractors operating in diverse end markets, including education, healthcare, public works, and hospitality, with education accounting for approximately 85% of revenue in 2025.

Real Estate:
• The Company’s facility, leased from an affiliated entity, totals 8,000 sq. ft., consisting of approximately 5,000 sq. ft. of indoor material and equipment storage and approximately 3,000 sq. ft. of high-quality office space. The building sits on an acre of equipment yard, providing ample outdoor storage for the Company's heavy construction equipment. While the facility will not be included in the sale of the Company, management is willing to negotiate a long-term lease agreement.

Shareholder Objectives:
• The Company is wholly owned by two shareholders who are involved in an oversight capacity and are seeking a complete exit. The Company's president manages day-to-day operations and seeks to remain for an extended period to ensure a smooth transition to new ownership.