A heavy construction contractor engaged in the rapidly growing wind energy industry. The Company is well diversified in both the private and public sectors, and its footprint expands across the Western United States all the way into Hawaii. A growing amount of business comes from the renewable energy sector, which is the fastest growing construction sector in 2018, as well as, the power industry, public works, federal highways and some site-civil residential work. The Company tripled its EBITDA between 2017 and 2018, and projecting forward with just the work already under contract, EBITDA in 2018 will nearly triple again.
A non-union organization, the company has earned a stellar reputation and perfect safety record. It wins job bids because it sets the bar for true professionalism and accountability, and it has irons that reputation in the industry. Due to its reputation of past performance, its key people and personnel, and the quality of its systems and reporting, the company will frequently win the jobs it bids, even when it is the highest bidder.
The owner recognized early that by building the right team and embracing the right attitude, great things can happen. But, when you add thoughtful procedures and documented systems, you can be a freight train powering toward high growth and high profitability.
Current opportunities include large joint venture projects and increasing demand for wind farms. This is a high-growth company that is fast becoming a dominant player in the Renewable Energy Sector, a sector with an expected compound annual growth rate of 10.3% through 2019, and a market expected to expand to $778 billion in 2019. In fact, wind energy construction is at the highest growth rate in its history, and it is growing faster than any other construction sector in the United States.
The owner believes that the company will continue to experience significant growth with its diversification in both the public and private sectors, and particularly given its competitive advantage
Offering Price and Terms:
(Earnout based on 2019 projections)
|Location||Northwestern US||Real Estate (not included in asking price, purchase or rent at FMV)||$1,198,000 – (2) Locations ($799,000 and $399,000)|
|Yrs in Business||9 years||FF&E||
$5,384,120 Fair Market Value
|Employees||42 – 56 (seasonal)||Terms||Stock Sale|
|Hours||M-F; 8 am – 5 pm||Ownership||S-corp – Profits shared equally|
|Facilities|| 6,400 sf building – $8.11 sf, 2 buildings are 2,000 sf each
– $6.56 sf
|Reason for Sale||Owner wishes to continue full-time for three more years, and then reduce to part-time. A sale now will allow him to continue during a transition period while also locking in his retirement funds.|