Leading Commercial Construction Masonry Sub-Contractor – BM003363

Mid-Atlantic

500K-2M5M-10M Building & Construction

The company is a commercial masonry sub-contractor, specializing in brick, block, precast, and stone masonry in Virginia.

Key Aspects

Average adjusted EBITDA margins of 6.3% from 2018 to 2021
Average annual revenue of $12.8M over the past four years
Owns the majority of the machinery required for each project
In operation for over 70 years with an established reputation through hard work and meeting schedules
In 2021, 90% of business was from repeat customers
Experienced senior supervisors who delivery efficient project management on a quick timeline

Opportunities

Begin working with general contractors outside of Norfolk, VA to grow market share and acquire additional customers
Develop a building renovation, alteration, and masonry repair divisions to increase project volume

Headquartered

Virginia

Current Markets

The company largely serves the commercial and municipal construction market, focusing on schools, healthcare facilities, and governmental projects.

Real Estate

The company owns and operates from several operating facilities, totaling 20,947 sq. ft., all of which are located on 1.3 acres of land. These facilities include a 6,300 sq. ft. office space, an 11,000 sq. ft. warehouse, and a 3,647 sq. ft. covered parking area. The owners would like to include the property in the sale of the business.

Shareholder Objectives

The company is owned by three shareholders. The owners are looking to begin planning for retirement and are willing to stay with the company for a smooth transition to new ownership.