Commercial-Industrial Electrical Contractor, $11.3M sales, $1.3M DE

Exceptional industrial electrical contractor $11.3 million sales, 1.3 million Discretionary Earnings, and $1.2 million EBITDA is offered for acquisition with SBA financing.  The business is pre-approved for 10% down with SBA financing for qualified buyers.

The company has a $7 million backlog for 2024 and a $3.5 million backlog for 2025.

Summary:

• Offered at $4.1 million
• $11.3 million sales
• $1.3 million Discretionary Earnings
• $1.2 million EBITDA
• $7 million+ backlog for 2024 and $3.5 million backlog for 2025
• $ 500,133 Down w/SBA Financing
• 55 experienced electricians
• Project Manager and Assistant Project Manager plus a Field Superintendent

The company’s primary focus is Tenant Improvements for large commercial-industrial buildings and new construction electrical work for commercial-industrial buildings and is known for its competitive pricing, quality projects and on time project completion.

The company has had rapid growth, and the owner-seller has built a company with excellent infrastructure, procedures, and a team of nearly 60 employees including experienced electricians and project managers.

Services:

• Commercial and industrial Electrical Tenant Improvements
• Commercial & Industrial New Construction
• Projects include Multi-Family, large industrial buildings, hospitality including hotels & restaurants, retail center developments, carwashes, and EV stations.

Opportunities for Growth:

• Expansion into Public Works projects
• Expansion into adjacent counties
• Expansion into residential electrical services

Staff:

• 55 experienced electricians
• Project Manager + Assistant Project Manager
• Field Superintendent
• Estimator + Jr Estimator
• Bookkeeper/Admin

Buyer Skills and Requirements:

The owner is actively running this business and the buyer will have to be willing and capable of learning to run the business, they must also be willing and capable of learning the technical aspects of this business.  This is not a passive-owner business.

The owner has a C10 Electrical Contractor License and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months (maximum allowed by SBA).  The buyer will have to obtain their C10 license.  The Seller will provide training for 4 weeks/40 hours per week, and in addition, will provide limited consulting as negotiated after the initial training period.

Reason for Selling:

The owner is retiring and is willing to stay on in a reduced role doing business development and bids.

Inquiries from principals only