Business Summary:
This electrical firm is engaged on industrial and governmentand municipal projects, where the “direct client” is aGeneral or Prime Contractor. The expertise of the electricalfirm is in designing, installing and maintaining above andbelow ground public transportation systems such ascommercial street cars, and traffic lights. They are boastingover $39,000,000 in Backlog, spanning over 22 differentprojects. Serving the Pacific Northwest, with 3 strategicallylocated offices in Washington and Oregon their team ofover 60 is large enough to have multiple jobs with severalcrews simultaneously. Due to the recently passed USInfrastructure Bill, this business will grow significantly in thenear future as $66 Billion dollars have been set aside fortransportation infrastructure work in Washington andOregon! The purchase of this business comes with over$5M in assets including $1.7M in vehicles, $600k inequipment, along with working capital of $2.7M+! Thesenior leadership includes a CFO, VP, a Superintendentand a Director of Project Management. The staff is robustwith 5 PM’s, 17 Electricians, 7 Admin plus railroadmaintenance, equipment operators and warehouse labor.This team allows the Owner to take extended vacations andtime away from the office, where it runs like a well-oiledmachine!The owner is looking for a strategic growth minded buyer toscale this business to new heights and plans on stayingwith the business for 3 years after the sale; his ongoingsalary has been accounted for in the Cash Flow Analysis.Priced at $14,250,000, the seller is willing to finance 10% ofthe purchase price in addition to an Equity Roll of 20% toshow good faith in the ongoing success of the company.70% Cash at close will return $1,501,973 in the first yearafter debt payments!
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