The company is a utility construction and engineering company. It provides its customers with the construction, rehabilitation, and replacement of water plants, wastewater plants, water systems, wastewater systems, reclaimed water systems, and stormwater systems and facilities.

Key Aspects

Adjusted EBITDA margins have averaged 11.1% from Sep 2019 to Sep 2022
$7.4M in backlog as of October 2022
Management notes, 95% of revenue is from repeat customers
Highly skilled and knowledgeable team with an engineer on staff, which allows for a one-stop-shop
According to management, state law allows municipalities to piggyback on contracts already in place, which makes it easier and faster to procure services without having to bid out a project
24-hour emergency utility response team
The company has a single and aggregate bonding capacity of $25-$30M and $40-$50M, respectively.

Opportunities

Search engine optimize website to improve visibility and help target audiences find the company’s website
Expand geographically to cover more areas and other states outside of its current market
Expand services to include land development projects to gain market share
Develop marketing efforts to reach prospective customers

Headquartered

Southeast, US

Current Markets

The company provides its services to municipalities in the Southeast, US

Real Estate

The company operates from four facilities totaling 10,400 sq. ft. on approximately 4.5 acres of combined land. The company owns all real estate and expects them to be included in the sale.

Shareholder Objectives

The company is owned by a single shareholder who would like to pursue retirement. The owner is willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership.

Benchmark International

Benchmarks Exclusive Opportunities

Utility Construction and Engineering Company – BM008457

Utility Construction and Engineering Company – BM008457

Login