BUI2048

Leading Grading, Excavation, and Sewer/Water Rehabilitation Services Provider

Southeast US
 

A heavy construction contractor engaged in site preparation, infrastructure construction, and general contracting for industrial, commercial, retail, municipal, and utility services. The company specializes in all facets of heavy civil related activities focused primarily within the state of occupancy. The company's market presence, engineering capabilities, and brand name combined with a strong geographic location offers multiple opportunities for growth. The YTD 2018 adjusted EBITDA figures do not reflect interest and depreciation amounts therefore are not fully comparable to the year-end figures because of internal adjustments made only at year-end.

Key Aspects:

  • Net Revenue has grown at a compound annual rate of 38.7% from 2015 to 2017
  • Dollars of gross profit have more than doubled from 2015 to 2017
  • Ability to scale-up quickly for large projects via access to a large group of skilled subcontractors
  • Long-term relationships with both private and public entities, leading to a significant amount of repeat business
  • $10M bonding capacity
  • Company assets include a large fleet of earthmoving equipment and vehicles
  • A seasoned staff consisting of estimators, project management teams, professional engineers, field superintendents, and foremen

    Opportunities:

    • Expand geographic reach to increase market share and acquire additional customers
    • Establish a sales and marketing team to actively seek out potential customers and to increase current sales
    • Target additional private sector projects to accelerate growth and increase market share
    • Increase competitive bidding practices with suppliers and equipment purchases to reduce operational costs
    • Create website for additional market presence and to generate on-line traffic and business
       
       
       
      Year:

      2015

      Tax Rtns

      '000

      2016

      Tax Rtns

      '000

      2017

      Tax Rtns

      '000

      2018

      YTD

      '000

      Turnover30,94837,17759,53336,925
      Gross Profit:5,9988,59112,2737,201
      Adj. EBITDA *5,3717,73911,2966,872
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited