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Industrial & Commercial Design-Build w/RE Available

Listing Number: 13485-653454

Description

This very successful, well-established, design-build, general construction firm is headquartered in NC but has operated across the US and abroad on a wide array of industrial and commercial projects since the 1970s.

The current owners have worked at the business for over 40 years and have grown the business to $44M in annual revenue and an estimated adjusted EBITDA of almost $2.8M for Fiscal Year 2023. The ownership group now wishes to retire and has assembled a very talented and experienced management team capable of continued growth and profitability. To aid in a transition, the ownership team is open to negotiating availability for post-sale training, consulting, and operational support, as well as ongoing management. If desired, the real estate, including a 2-acre parcel and purpose-built office, warehouse, and equipment yard, may also be purchased.

With a proven history of financial stability and strong project management, they have a track record for delivering complex projects to their clients on time and within budget. This performance has enabled strong growth and fostered an outstanding reputation as a premier provider of design-build construction services.

Currently, they do little to no formal marketing, receiving approximately 95% of their new work through returning customers or direct referrals. If a new owner would like to accelerate growth, there is an opportunity to focus on business development to expand their geographic reach as well as the number and types of customers.

The purchase includes a subsidiary firm that provides in-house engineering and architectural design services to support their design-build model in which the company acts as the designer and general contractor for a project. With experienced engineering and architectural specialists in-house, this firm provides the ability to design and professionally certify projects and directly supports the construction company’s design-build business model. The client gets the general contractor, architects, engineers, and project managers all under one roof for more efficient communication, quicker build times, and cost savings.

Although the majority of its work is conventional construction, the company is also well known for its expertise in pre-engineered metal building work. The company is the largest national distributor for a premier manufacturer of custom-engineered metal buildings. With deep relationships with this company, and other established metal building companies, the construction company can create state-of-the-art solutions across a wide variety of complex and sophisticated design styles.

The new owner of this company will inherit a great business with a stellar reputation, a very competent team, a legacy of quality relationships and projects, as well as the associated real estate. Record revenue, backlog, and a strong existing pipeline, supported by strong in-place management and favorable market conditions, foreshadowing continued growth and profitability for an energetic new owner.

Listing Details

  • Price: $ 11,500,000
  • Down Payment: $1,150,000
  • Sellers Discretionary Earnings: $ 2,780,032
  • Total Sales: $ 43,824,614
  • Location: North Carolina

  • Inventory: $ 35,000
  • FF&E: $ 1,888,000
  • Employees: 32
  • Year Established: 1979
  • Reason for Selling: Retirement
  • Category: Construction
Industrial & Commercial Design-Build w/RE Available

Business Listed By:

AJ Ramsey
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