MAN1937

Value-Added Supplier of Steel and Concrete Materials

Southwest US
 

The company is a full service reinforcing steel, structural steel and concrete related product supplier. The company is a value-added supplier of stock rebar, structural steel, cut-to-length rebar and structural steel, fabricated rebar and structural steel, concrete tools, accessories, and related services to the construction markets. The company's business model positions it to be a one-stop supplier for customers, providing the best products and services at competitive prices.

Key Aspects:

  • Outstanding reputation within industry
  • Strong and loyal customer base
  • Well trained and professional workforce
  • Product diversity
  • Geographically diverse customer base with long-term relationships
  • Ability to fabricate reinforcing and structural steel in-house
  • 60% repeat business rate
  • Recently added a Corpus Christi location with great growth opportunities

    Opportunities:

    • Expand regional sales and market share in the San Antonio and Austin markets
    • Improve marketing strategy by creating additional marketing tools to get name and capabilities out
    • Start rebar fabrication in South Texas location and miscellaneous structural steel fabrication in South East Texas location to increase market share
    • Increase sales opportunities in structural steel fabrication sales
    • Improve estimating capabilities to allow for increase in bidding efficiency and effectiveness
       
       
       
      Year end 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
      Forecasted Tax Rtns Tax Rtns Tax Rtns Tax Rtns
      $'000 $'000 $'000 $'000 $'000

      Revenue 17,025 13,883 16,491 14,157 12,483
      Gross profit 3,386 1,782 2,213 1,912 1,923

      Adj. EBITDA* 1,632 870 1,392 1,298 1,578

      * Earnings before interest, tax, depreciation and amortization (non-cash items). Additionally, the company experienced a lower adjusted EBITDA in 2017 due to Hurricane Harvey.
       
      Bids Invited