Asking Price Open Bid
Financial Information
Revenue: $22,500,000 Income: $2,400,000
Strictly Confidential
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Turn-key Government Construction Business with Multi-Year Backlog

Heavy Construction Business Primed for Growth with over $500 million in IDIQ Contract Capacity


The Company is a highly-rated construction services company that provides construction management services for its building and infrastructure contracts, and self-performs site remediation and heavy-site civil work at government and industrial sites.

The Company delivers a wide range of expertise in scopes of work such as construction management, excavation, soil stabilization, remediation, land-based dredging, bridges, dams, rivers, commercial structures, and many other project profiles.

The Company is owned by active principals with operations supported by a staff of 30, which includes 6 project managers, 3 Project Engineers, and 14 site superintendents. Site Superintendents are also cross-trained as Site Safety officers and Quality Control officers.

The Company currently holds ~$500 million in IDIQ contract capacity and over $18 million in remaining hard backlog on 23 contracts, offering the next owner stable and profitable revenue without the need to add additional projections.

Significant opportunity for strong growth and market share expansion in the next several years as the Company has several large contracts pending and under pursuit now; its ratings and good references, market presence, business development strategy, and operational platform can be used to springboard growth in additional geographic areas where there are high-value project opportunities.

Purchase Considerations

  • Established since 2000 the Company has continually developed its capabilities and expertise, along with certain trends in its markets, and toward where high-value opportunities exist.
  • The business comes with a multi-year high revenue backlog of projects creating a low risk environment for a new owner. This allows a new owner to focus on growth and contract capacity with lower stress on the near term revenue drivers.
  • In recent years, the Company has started doing more large infrastructure/building projects involving civil and construction management, and now has very large contracts for "vertical" building projects.
  • Management has positioned the Company to leverage its market position and customer networks to capture additional market share in immediate years, and believe that in the hands of new ownership with the appropriate inclination and resources, the Company’s best growth opportunities can be realized.
  • Ownership is willing to sign a typical non-compete agreement. Ownership does not own any other businesses in the industry and does not plan to re-enter the market.
  • Ownership believes that the existing vendor relationships can be transferred to the new owner, and that most employees will choose to remain with the company. Ownership is willing to train the new owners for a period after closing to ensure a smooth transition. The length of time and potential compensation for this period to be negotiated.

Certain principals of Raincatcher are registered representatives offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities.


Locations
regionLevel
Employees
30 FT  
Years in Business
23
Asking Price
Open Bid
Terms

Negotiable

Ownership
2 @ 51%/49% 
Facilities
Company has a 600 sf executive and administrative office and a 20,000 sf warehouse and office in New England.
Reason For Sale
Sellers are looking to retire