Significant investments in modern technologies, vehicles, equipment, and in-house training programs resulting in disciplined bidding, constant margins, and steady growth across economic cycles

Key Aspects

Founded just over a decade ago by the current operators and has grown rapidly by combining over 30 years of industry expertise with modern best practices
Young and energetic workforce close to 500 full-time non-union employees as well as an established career progression program to help identify and develop the next layer of leadership
Prioritizes on-time, under-budget delivery and fosters strong partnerships with engineering firms & developers, ensuring smooth project collaboration even when challenges arise
Customer retention is a testament to the company’s ability to deliver quality results and ensures it is less dependent on winning new work, allowing it to be more selective and maintain industry leading profit margins
Proven ability to tackle the largest site development projects (upwards of $50m) in its market with typical project size ranging from $5m to $15m

Asset Overview

The company boasts a fleet of 250+ pieces of heavy equipment, 100+ company pick up trucks, and 20+ semi trucks
All earth work and roadway equipment is equipped with Trimble GPS systems
All equipment is purchased solely from the top four OEMs
Equipment ranges almost exclusively from 2019 to 2023 and vehicles range from 2018 to 2023

Ownership Objectives

Ownership wants to de-risk their position and spend more time with their families by finding an acquirer that can build on the company’s historic success and strong employee base to continue growing the business while preserving its unique culture.

Opportunities

Expand into other lines of business:
- Additional DOT & infrastructure projects (ramping up)
- Maintenance contracts for finished projects
- Storm response, recovery, and cleanup work
- Military contracting
Increase geographical footprint into additional, high growth locations.
Bid & win contracts for aging infrastructure projects (i.e. underground/above-ground utility systems)
Become the ‘site developer of choice’ for rapidly growing, large corporations that are building multiple locations in the company’s existing market
Acquire firms that specialize in different aspects of the project lifecycle to bring those services in-house and become a one stop shop for the entire project

Technology

The company uses industry leading software from Heavy Construction System Specialist to streamline and manage operations more effectively.

- HeavyBid: Used to estimate job costs and bid effectively
- HeavyJob: Project Management Software
The employees are empowered with iPads and other mobile devices to give real time access to job performance
The company powerfully manages its financials through Foundation, a robust accounting software package that also integrates with HeavyBid and HeavyJob

Markets

Florida is growing exceptionally fast, fueling demand for additional housing, subdivisions, mixed-use developments, businesses, and infrastructure to support the population.

In 2022, Florida’s population grew by 1.9% to 22,244,823, overtaking New York to become the nation’s third most populus state.
That same year Florida was home to 9 of the 50 (18%) fastest-growing cities in terms of housing units authorized per the U.S. census.
The high interest rate environment has proven to be a boom for new home construction projects as existing homeowners with low interest rate mortgages are not willing to move, decreasing the available housing inventory – creating opportunities for developers.
- The Fed has recently signaled a rise in the longer term ‘neutral rate’ which will make this an ongoing consideration for the construction industry

Personnel

The company has grown to employ close to 500 full-time non-union employees with specialized functions at every level an r paths to support their growth and longevity with the company
Young workforce with the senior most personnel being more than a decade from retirement
The company’s dedicated in-house safety director and staff contribute significantly to their favorable modification rate

Locations & Real Estate

The company operates from approximately 10,000 sq/ft of office and 22,000 sq/ft of shop/warehouse space on 9-10 acres, that is owned by a related entity and is available for lease or purchase.
The shop proficiently manages equipment and vehicle repairs across a wide spectrum, except for those cases where dealership services offer a more cost-effective solution.

Benchmark International

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Profitable Site Development Construction Company in One of the Nation’s Fastest Growing Markets

Profitable Site Development Construction Company in One of the Nation’s Fastest Growing Markets

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