Florida-based specialty contractor specializing in building and rehabilitating sanitary sewer pump stations (lift stations) for public water and wastewater utilities. About 90% of revenue comes from lift station construction, rehabilitation, and upgrades for county and city utilities. The balance includes pump station electrical and controls upgrades, stormwater pump station repairs, treatment plant maintenance, welding and fabrication, and emergency bypass pumping when a station fails.

Work is secured through agency prequalification and public procurement, held under multi-year work-order contracts with renewal options, competitively bid projects, design-build subcontracts, and standing emergency-response work. Florida’s piggyback rule allows other public agencies to purchase off existing contracts, expanding reach without new bids.

The Company self-performs with its own crews, in-house welding and fabrication, and owned equipment fleet. In business for over 25 years, it has served principal county and city utility customers for more than a decade and has never lost a county work-order contract at renewal.

Revenue and net cash flow for the twelve months to June 30, 2026 (management-prepared, Adjusted EBITDA). CPA-reviewed 2025 results: $19,162,000 revenue and $6,044,000 Adjusted EBITDA, with reviewed annual statements from 2019–2025.

Investment Highlights
• $37.1M contracted work scheduled (1.9x 2025 revenue), with $11.4M through year‑end 2026 and $25.7M in 2027; CPA‑reviewed schedule shows 43.8% gross margin.
• Profitability surge: revenue up 81% in 2025, gross margin rising from 14.4% to 29.9% as bid pricing shifted to market rates; direct margin 45.6%.
• Adjusted EBITDA $9.7M (41% margin) for twelve months to June 2026; CPA‑reviewed 2025 EBITDA was $6.0M.
• Rate‑funded demand: public utilities legally required to maintain wastewater flow, backed by multi‑billion capital programs; collections steady at 41–48 days.
• Long‑tenured utility base: ~25 customers in 2025, principal county/city relationships spanning a decade; net revenue retention 147% from 2024–2025.
• Piggyback contracts: Florida rules allow other agencies to buy off awarded contracts; multiple jurisdictions added, including two new municipal customers in 2025–2026.
• Limited competition: often low or sole bidder; strong prequalification, bonding, and confined‑space expertise; surety capacity $15M single, $30M aggregate.
• Self‑performing model: owns fleet, handles civil, mechanical, welding, and fabrication; capex averaged 1.4% of revenue (2021–2025).
• Growth potential: constrained by crews, not demand; adding labor expands revenue within existing contracts and adjacent counties.
• Highly verifiable: public payors, bids, contracts, CPA‑reviewed statements (2019–2025), insurance loss runs, safety program, and EMR worksheets all in data room.

Operations and Transition
A self‑performing field force led by experienced superintendents and foremen delivers the work, supported by office staff. The founder‑owner will transition day‑to‑day management over six months post‑closing and is willing to continue as estimator indefinitely. Two office staff assist in bidding. Below the owner, a second‑generation vice president and senior field leaders with decades of experience oversee operations. The office, shop, and fabrication yard are personally owned and available for lease or purchase. The business suits a strategic acquirer in water and wastewater construction seeking a Florida platform with public‑sector contracts, or a financial buyer seeking a defensible earnings base.