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Commercial Drywall, Framing, and Acoustical Ceiling Contractor

  • Posted on
  • 13
Specifications
EBITDA414000
Revenue5318000
Client CodeBUI1565
EBITDA Range 250K-500K
Revenue Range 5M-10M
Sector Building-and-Construction
Region Southeast-US,Southeast-US
Deal Structure Open
Headquarters-
Description

The company specializes in design-build construction of load and non-load bearing metal framing systems, gypsum wallboard, and acoustical ceiling systems targeting the multi-family and hospitality sectors.

 

Key aspects

  • Operating history exceeds 20 years
  • $14.1M in secured backlog as of April 30, 2018
  • Operating in growth mode, revenue increased 10% from 2016 to 2017
  • Access to an extensive contractor base
  • Receive invitations to bid from leading GCs in the area
  • Second-tier management groomed for succession
  • Compound annual grown rate (CAGR) of 14.1% in gross profit from 2014 to 2017
  • Able to fabricate load-bearing structures for multi-family framing projects
  • Key supplier relationships

Opportunities

  • Hire more estimators
  • Add another project manager
  • Expand to surrounding states

 

Headquartered

  • Georgia

 

Current markets

  • The company focuses in the metro-Atlanta, Georgia area, and has completed work in other states such as Florida, Kentucky, North Carolina, South Carolina, and Tennessee

 

Real estate

  • The company operates from a 6,000 sq. ft. commercial building of which approximately 50% is warehouse space. The facility is leased from unrelated third party and there is room to grow in the current location.

 

Shareholder/owner objectives

  • The owners are approaching retirement and would like to exit the business. At this time, very little is required of the shareholders; the management team handles daily operations.

Key Indicators:

Year end

04/30/2018
Internal
$’000

12/31/2017
Reviewed
$’000
12/31/2016
Reviewed
$’000
12/31/2015
Reviewed
$’000
Revenue 5,318 10,746 9,776 4,607
Gross Profit 681 1,889 1,767 1,156
Adj. EBITDA* 414 731 992 146

* Profit before interest, tax, depreciation and amortization (non-cash items)