The business offering consists of two companies: a heavy civil and highway construction company and a railroad construction company that completes projects for all classes of freight carriers, shortlines, rail yards, and terminals for public and private railroads. Both companies primarily work on large-scale multi-year projects for public agencies in the Eastern US.

Key Aspects

From 2018 to 2021, combined adjusted EBITDA grew at a compound annual growth rate (CAGR) of 7.9%
From 2018 to 2021, average gross profit margins of 20.9% and 29.8% for the heavy highway and railroad construction companies, respectively
Well-known and efficient in the areas of earthwork, utilities, bridgework, and railroad construction
Public Works Certifications and Prequalifications
The companies collectively have approximately $147 million in secured backlog as of December 31, 2021
Over 90% of revenue is from repeat customers
On average, works as the prime contractor in over 75% of its projects

Financial Disclaimer: Financial results for both entities have not been combined due to intercompany transactions. Revenues and costs are subject to intercompany transfers not identified.

Opportunities

Capitalize on the recent passage of the Federal Transportation and Infrastructure spending bill to gain more projects
A current major client gained approval for an increase in tolls, which will lead to additional work in the highway construction company’s field of expertise for the next 10 years
Capitalize on expansion options into new geographical markets in the Eastern US
Expand service offerings to include electric utility and signalization work to increase both competitiveness and open a new revenue stream
Implement a strategic marketing plan to secure additional private work

Headquartered

Eastern US

Current Markets

The company completes projects for the public and private sectors throughout the Eastern US.

Real Estate

The company operates from three facilities totaling 34,000 sq. ft., leased from an affiliated entity. This entity is not included in the sale; however, the owners are willing to enter into a long-term lease.

Shareholder Objectives

The company is equally owned by two shareholders. The shareholders are looking to make a complete exit but are willing to remain for a transitionary period following a sale.

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Public Works Contractor for Highway & Railroad – BN000036443

Public Works Contractor for Highway & Railroad – BN000036443

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