Description:
The Company is a leading provider of sweeping services, disposal solutions, maintenance porter services, comprehensive facility services (CFS), and snow removal throughout the New England region. Established more than two decades ago, the Company operates year-round, 24/7, to meet the diverse needs of its commercial clients for all seasons. The Company's has several recurring revenue streams in place throughout all service offerings, with 100% of income from both facility services and snow removal classified as recurring.

Key Aspects:
• Revenue and adjusted EBITDA grew at a compound annual growth rates (CAGRs) of 11.4% and 41.0%, respectively, from 2021 to 2024.
• In 2024, approximately 83% of revenue ($16.4M) was derived from recurring revenue contracts.
• Management notes that, on average, most services operate within a range of 40-60% margins, with municipal sweeping specifically ranging between 35-55% margins, on average.
• All service offerings are supported by recurring revenue streams, with 100% of income from both facility services and snow removal classified as recurring.
• The Company operates a fleet of more than 100 modern sweepers and specialized equipment, providing year-round, 24/7 service to clients in all conditions, including harsh winter weather.
• Approximately 70% of 2024 revenue was derived from repeat clients, according to management.
• The Company operates as a turnkey business with streamlined operations, requiring minimal day-to-day oversight from new ownership, according to management.
• Management notes that the Company holds the largest market share in the New England metropolitan area, supported by multiple three-year contracts, some of which include provisions for indefinite extensions beyond the initial term.

Opportunities:
• Establish an internal sales team to further drive revenue growth, leveraging existing resources and infrastructure for seamless integration and immediate impact.
• Expand services beyond New England into neighboring states, further diversifying the Company's client base.
• Establish additional satellite locations in high-growth metropolitan areas to increase market penetration.
• Leverage $13M in projected 2025 revenue and $11M in 2026 from secured sweeping contracts, anchored by long-term municipal and commercial agreements that provide recurring, predictable cash flow.


Headquartered:
• New England, US

Current Markets:
• The Company primarily serves commercial clients throughout the New England region, including construction firms, municipalities, universities, home improvement retailers, shopping malls, lifestyle centers, and other commercial businesses requiring sweeping, maintenance, and facility services.

Real Estate:
• The Company operates from two locations, including headquarters (70,000 sq. ft.) and a satellite location (2,000 sq. ft.).
• Both facilities are leased from unrelated third parties, with management noting that the leases are assumable.

Shareholder Ownership:
• The Company is wholly owned by a single shareholder who is seeking an exit strategy to begin planning for retirement.
• The shareholder is willing to remain with the Company for a period of time to facilitate a smooth transition to new ownership.