A full-service mechanical contractor. The company provides heating, ventilation, and air-conditioning (HVAC), boiler and chiller installations, welding services, process and utility piping, steel fabrication services, plant dismantling and rigging, and facility maintenance.

Key Aspects

Revenue and adjusted EBITDA grew at compound annual growth rates (CAGR) of 19.4% and 199.4%, respectively, from 2019 through the trailing-twelve-months (TTM) ending August 31, 2022
Gross profit margins averaged 31.0% during the same period of time
Secured backlog of $5.5M as of August 5, 2022
In operation for over 48 years
Several maintenance contracts in place generating recurring revenue
Trained under Hazardous Material (HAZMAT) training standard
Bonding capacity for public projects up to $10M

Opportunities

Expand the service area to include larger metropolitan areas outside of its current market
Establish a sales and marketing team to actively seek out potential customers and to increase current sales
Continue to diversify service offerings
Target additional private sector projects to accelerate growth and increase market share

Headquartered

Northeast US

Current Markets

The company serves a variety of customers including pharmaceutical, chemical, food & beverage, paper, precious metals, cosmetics, and waste to energy & sew treatment throughout the northeastern US.

Real Estate

The company operates from a 20,000 sq. ft. facility owned by an affiliated entity. The owner is open to entering a long-term lease or a full purchase. There is room to grow in the current location.

Shareholder Objectives

The company is owned by a single shareholder. After many years in the industry and building a successful business, he believes it is time to start enjoying different activities and start planning an exit strategy. He is prepared to remain involved in the business as necessary and is open to different deal structures.

Benchmark International

Benchmarks Exclusive Opportunities

Full-service Mechanical Contractor – BN000034686

Full-service Mechanical Contractor – BN000034686

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