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

Southeast US, US
1M-5MUnder 500k Electricians
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TEASER
CLIENT CODE: BM019423
REVENUE/TURNOVER: $4,085,000
EBITDA: $350,000
HEADQUARTERS: Southeast US
 
Interested? Contact Us
813-898-2350
pmanry@benchmarkintl.com
Leading Electrical Contracting and Engineering Firm With Recurring Revenue and Over 45 Years of Industry Experience – BM019423

Paul Manry

interested in this opportunity?
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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

  • Revenue grew at a compound annual growth rate (CAGR) of 10.1% from 2018 to 2021
  • Average gross profit margins of 43.4% from 2018 to 2021
  • Secured backlog of approximately $1.8M as of February 2022
  • 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.

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