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Featured Deals > Large Commercial & Multi-Family Rehabilitation Firm

Large Commercial & Multi-Family Rehabilitation Firm

Construction

Client Number

52183

EBITDA

$10,198,000

Revenue

$43,400,000

Region

Eastern U.S.

Contact Details

Julie Sandoval

(678) 646-6704

jsandoval@generational.com

The Company is a licensed general contractor in the Southeast specializing in the renovation of multi-family homes and commercial properties. The service offering includes major rehabilitation/repositioning services, exterior painting services, subcontracting services for new construction projects, carpentry reconstruction services, interior renovation services, window/door replacement services, guttering solutions, stucco reconditioning services, asphalt services, concrete services, steel reconstruction services, amenity upgrade services, and a range of services to the commercial property management sector. For FYE 2018, revenue came from the following projects: Roofing & Carpentry, Paint & Carpentry, Window Replacement & Carpentry, Siding, Painting, & Other. The two primary customer markets served are multi-family properties and commercial properties. The Company depends heavily on repeat business; management estimates that a considerable portion of annual revenue is from previous clients. The Company also uses an internal sales team, trade shows, and referrals to generate new business. The Company has a national reach with four offices in the Southeast. Services are performed and diversified across the US. The employee base consists of approximately 39 skilled personnel. Operations are housed from a Company-owned office and warehouse space. Additionally, the Company has regional/satellite offices in multiple states located at the homes of the project managers.

Investment Considerations

Qualifications:The Company’s structure, strategic geographic footprint, and integrated management systems are designed to provide clients withinterdisciplinary contracting solutions. Construction projects range in size from $10,000 to over $5,000,000 with an average project sizeof $600,000. The Company is a licensed general contractor specializing in the renovation of apartment communities. Since inception,the Company has successfully completed renovations of approximately 100,000 apartment units for well known managementcompanies, owners, and general contractors.

Strong Revenue Growth & Critical Mass:Sales increased from $26,993,000 in 2015 to $47,136,000 in 2017, representing a 32.1% CAGR. Furthermore, estimated sales of$40,000,000 for 2018 will be attractive for buyers looking to establish a foothold or increase market share in the marketplace.

Management Will Remain Through Transition:The active owner is intends to remain with the Company through a transition. Therefore, a prospective purchaser would not have therisk of needing to replace current ownership, which ensures a seamless transition of ownership.


 

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