A full-service, award-winning moving and storage company that specializes in local, long-distance, and international relocations for residential clients, as well as specialized office moving and related services for commercial clients. The company has been providing clients with packing, moving, and storage services for several decades and is affiliated with a well-known van line company.

Key Aspects

Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRS) of 7.2% and 27.2%, respectively, from 2018 to 2021
Gross profit margins averaged 32.9% from 2018 to 2021
Recurring revenue base with several extended commercial contracts, resulting in approximately 50% of revenue per year
Operating for several decades in Southeast US in household and commercial moving
Independent agent of a well-known van line enabling nationwide service within a wide network of moving agencies
Commercial services include project management, furniture, fixtures, & equipment (FF&E), systems furniture installation, decommissioning, full packing & unpacking, technology disconnect & reconnect services, as well as major specialized relocations
Experienced moving and hauling staff, some with decades of industry experience and several years of tenure with the company

Opportunities

Focus on expanding into other territories within the van lines system, including the acquisition of other agents, or areas that are not currently represented by the brand to expand market reach, sales opportunities, and maximize efficiencies of scale and hauling opportunities
Continue to expand the commercial services offered by adding more commercial and office related services such as full project management, technology services, comprehensive furniture installation services, and FF&E warehousing and installation services
Increase storage revenue by expanding and increasing the company’s current storage facilities
Capitalize on the existing management infrastructure to increase the company’s hauling fleet by recruiting more drivers to increase capacity for interstate moves
Streamline the company’s organization with an updated centralized management information system to maximize efficiencies

Headquartered

Southeast US

Current Markets

The company primarily services residential and commercial clients that are either relocating to, from, or within its current state of operation. The company also services clients throughout other states and regions across the US.

Real Estate

The company operates from a combined 79,000 sq. ft. at a primary operating facility and a smaller satellite facility. Management notes that the primary operating facility is not included in the sale of the company, though a long-term lease is currently in place.

Shareholder Objectives

The company is owned by a single shareholder who is willing to remain with the company to facilitate a smooth transition into new ownership and would consider a longer-term arrangement.

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Full-Service Moving, Packing, & Storage Company – BN000043031

Full-Service Moving, Packing, & Storage Company – BN000043031

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