The company is a full-service industrial electrical contracting firm specializing in electrical service, maintenance, construction, and electrical engineering design-build and electrical testing. The company provides hardwire electrical services and improves electrical efficiency for variety of industries including essential industries. It also provides electrical code compliance services specializing in arc flash risk assessments and training.

Key Aspects

Average revenue of $4.1M from 2019 to 2022
Average gross profit margins of 44.5% from 2019 to 2022
Secured backlog of approximately $817K as of December 2022, with anticipated future earnings of $3.3M-$3.8M
Recurring revenue stream generating approximately $750k annually from its testing and maintenance contracts
Experienced technicians providing superior arc flash risk assessments and CEU training hours
Excellent reputation with over 45 years of industrial industry experience in service maintenance and construction
Bonding capacity of up to $2M
Turnkey electrical design-build, permitting, construction, maintenance, and testing service
Power system short circuit, coordination studies, protective relaying, and P&ID loops

Opportunities

Expand geographic reach to include North and South Florida
Diversify service offerings to attract additional clients with turnkey project capabilities
Further develop Arc Flash Risk Assessment and Arc Flash Compliance Testing services, as these typically generate 65% gross profit margin and have few competitors in the market
Utilize technology to increase productivity such as design-build modeling systems and mobile devices
Implement strategic marketing plan to accelerate continued growth

Headquartered

Florida

Current Markets

The company serves commercial and industrial markets throughout Florida. The company has completed projects across various industries including medical, leisure, food & beverage, government buildings, and more.

Real Estate

The company operates from a 13,000 sq. ft. facility leased from an affiliated entity. The owners are willing to including the real estate in the sale or enter into a long term lease with new ownership. There is room to grow in the current facility.

Shareholder Objectives

The company is equally owned by two shareholders; one of which is not active in the day-to-day operations. They believe the company is in a position where new ownership can take advantage of the growth opportunities in the industry. The active shareholder is willing to remain with the company.

Benchmark International

Benchmarks Exclusive Opportunities

Leading Electrical Contracting and Engineering Firm With Recurring Revenue and Over 45 Years of Industry Experience – BM019423

Leading Electrical Contracting and Engineering Firm With Recurring Revenue and Over 45 Years of Industry Experience – BM019423

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