Issue link: http://deals.uberflip.com/i/1312534
The Company is an underwater inspection, maintenance, construction, and dredging contractor in the Midwest. It is capable of performing a wide range of underwater tasks, including, but not limited to, welding, concrete installation and repairs, pipe installation and repair, mechanical repairs, debris removal, and many more. Its strength and success have been a result of excellent reputations, highly skilled labor, quality work, customer service, and safety records. The Company was founded in 2009 and operates from a 9,100-square foot facility. Company Strengths • Strong Client Relationships: The Company has built an extensive customer list and good industry relationships since its inception. The customer base is loyal, which allows the Company to save on marketing costs. • Turnkey Capabilities: As a one-stop shop, clients often find it convenient and more affordable to find an array of offerings under one roof. • Niche Expertise: The Company has niche experience in underwater construction, inspection, and dredging, which also creates a high barriers-to-entry for new industry players. • Strong Financials: Historical sales between 2017 and 2019 grew at a CAGR of 30%. The Company also had negligible debt and carried an unadjusted current ratio of 8.7 as of the end of 2019. Business Expansion Opportunities • Favorable Industry Outlook: With aging infrastructure, construction and repair spending for dams, bridges, and waterfront facilities is projected to grow substantially in the future. • New Business Development: The Company can substantially improve sales by adding sales staff and expanding its service capabilities into deep air diving, mix gas diving, equipment service repairs, and heavy construction work. • Diversification: Management has identified additional customer markets that will allow the Company to aggressively expand market share. • Geographic Expansion: The Company's business model is well-suited for national and international expansion. Prasad 'Pat' Karcherla, Senior M&A Advisor Client # 63870 Tel: (630) 708-2408 Fax: (214) 764-1362 Email: pkarcherla@generational.com | www.Generational.com I www.DealForce.com For more information, please sign the Confidentiality Agreement DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. Underwater Construction & Maintenance Company for Sale Midwest/Great Lakes Region, US 2019 Revenue $ 2.1MM+ | 2019 EBITDA $366K Highlighted Investment Considerations The Company provides its underwater services to construction contractors (40% of 2019 revenue), industrial plants (30%), local governments (20%), and others (10%). Its customer base includes approximately 25 active accounts covering more than 40 different facilities across the US. The Company has an expansive asset base that includes custom dredging equipment, floating stock, 2,000-foot penetration hose, Remote Controlled Vehicles (ROV), and much more. Management is supported by a dedicated team of 3 full-time and 9 part-time employees, and the Company leverages its relationships with regional divers' unions to access skilled labor for its projects. This Offering is Pre-Qualified for SBA Financing. Click here to learn more.