A full-service licensed electrical contractor firm specializing in residential and commercial project solutions. The company provides electrical engineering primarily for new construction and renovations. Services include power & lighting, fire alarm installation, tele/data wiring, site lighting, and emergency generator installations.

Key Aspects

Average gross profit margins of 26.9% from 2018 to 2020
Secured work-in-progress of approximately $933K as of October 31, 2021
Excellent reputation in the industry with over 100 years of combined experience
In-house design team
Long-term contracts in place
Customer retention rate of 85% as a result of on-time service and performing within budget

Opportunities

Implement maintenance programs for recurring revenue
Expand geographic market
Diversify service offerings to attract additional clients
Utilize technology to increase production such as design-build modeling systems and mobile devices
Actively seek energy efficient clients

Headquartered

Florida

Current Markets

The company provides full-service electrical contracting services to residential, commercial, and industrial customers throughout southern Florida.

Real Estate

The company operates from a 7,000 sq. ft. facility owned by an affiliated entity and is not included in the sale. Management notes that ownership is willing to enter into a long-term lease.

Shareholder Objectives

The company is owned by two shareholders, with one holding a majority position. Both owners would like to de-risk and start preparing for retirement; however, they are willing to stay with the company for a transition period under new ownership. Both owners believe the company is in a position to expand and take advantage of growth opportunities in the industry.

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Licensed Electrical Contractor – BN000036419

Licensed Electrical Contractor – BN000036419

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