Description:

An industrial and commercial electrical contractor focusing on facilities such as chemical plants, food processors & distributors, machine shops, and manufacturers. Offerings include a wide range of electrical services from milli-volt controls to 35,000-volt substations.

Key Aspects:

Revenue grew 12.4% from 2021 to 2022, and grew at a compound annual growth rate (CAGR) of 6.8% from 2020 through the trailing twelve months (TTM) ending June 30, 2023
The company’s average gross profit margin was 42.1% from 2020 through 2022
Adjusted EBITDA grew at a CAGR of 126.7% from 2022 through the TTM ending June 30, 2023
The company’s operating history spans over 75 years
Management notes that 65% of 2022 revenue is based on repeat business
Well-developed management team and highly trained, licensed electricians

Opportunities:

Expand geographic footprint to capture larger market share
Formalize a dedicated marketing strategy
Capitalize on strong client accounts and reputation
Grow the company’s warranty service model
Opportunity to expand on a growing market trend with efficient lighting fixture upgrades

Headquartered:

Northeastern US

Current Markets:

The company primarily serves construction companies, industrial facilities such as chemical plants, food processors & distributors, machine shops, and manufacturers in and around the local area.

Real Estate:

The company operates from a 5,000 sq. ft. facility leased from an unrelated third party.
The facility is operating at capacity, with relocation options available.

Shareholder Ownership:

The company is owned by one shareholder who is active in the business.
The owner is looking to retire but is willing to stay on for a pre-determined transition period.

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Industrial and Commercial Electrical Contractor – BN000037886

Industrial and Commercial Electrical Contractor – BN000037886

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