Issue link: http://deals.uberflip.com/i/1312534
Acquisition Opportunity Cell Tower Site Construction & Maintenance Company Midwest/Great Lakes Region, US Est. 2020 Revenue: $13.6MM Est. 2020 EBITDA: $1.1MM ▪ Superior Name and Reputation: The Company enjoys an excellent, long-standing (13+ years) reputation for its full-service general contracting and site maintenance services. Its commitment to safety and EMR of 0.73 contribute to this positive reputation. ▪ Annuitized Revenue Stream: Over 27% of the Company's revenue was generated by bare ground maintenance during the historical period. It has annual contracts for the majority of site maintenance, and has five-year and three-year contracts with two of its key clients, respectively. These contracts provide a solid base of recurring revenue. ▪ Strong Revenue Growth: The Company's revenue grew consistently from nearly $6.8 million in 2017 to $13.0 million in 2019, representing a CAGR of 38.6%. ▪ National Reach: The Company's customer base and operations are national in scope, allowing it to service clients wherever they may be located and easily expand into new geographic markets. ▪ Outstanding Growth Opportunities: Management cites expanding bare ground maintenance service nationally with the big three tower companies, and including the electrical distribution customer market internationally with existing clients as a significant growth opportunity. In combination with increasing sales and marketing activities these opportunities would serve as a way to diversify the customer base significantly and increase revenue and profitability. ▪ Industry Outlook: Revenue for the wireless tower construction industry is projected to grow at a CAGR of 2.6% to $9.0 billion over the five years to 2024. Client # 61729 Stephen Dinehart III Generational Equity Senior M&A Advisor 608-833-9396 (Tel) 214-764-1362 (Fax) sdinehart@generational.com The Company provides turn-key telecommunication tower site construction, modification, and maintenance services. These services include general contracting, tower construction, modification, repairs, building services, bare ground maintenance, snow plowing, and site civil repairs. With in-house crews and an experienced network of partners, the Company manages over 15,000 sites across the US for a variety of carriers. The Company generates all of its revenue from clients in the telecommunications industry. The Company currently operates out of a 6,100-square foot facility and a 3,000-square foot facility, which are both utilized for office and warehouse space. It has over 40 trucks fully-equipped with laptops, meters, hoists, drills, landscape maintenance tools, and all other necessary equipment to meet client demands between the tower and vegetation departments. It is currently staffed by over 50 full-time, non-union employees. 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 the 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.