Issue link: http://deals.uberflip.com/i/1323418
RIGHT-OF-WAY CLEARING CONTRACTOR #64266 BUSINESS HIGHLIGHTS Founded in 1997, the Company serves the Department of Transporta on (DOT), municipali es, u li es and contractors with land clearing and high-produc on tree removal for right-of-way projects. Experienced and qualified operators use specialized equipment for rapid clearing in any weather, year-round. All operators undergo drug and background checks to ensure the con nuity of a quality workforce. While the Company has historically served customers from Georgia to Maryland, the majority of its work is in the Carolina Region. Through a broad experience with specialty equipment, the Company can work in a variety of se ngs, including highly populated areas, roadways, and hard-to-reach remote areas. Through the dedicated sales team and word of mouth referral, the Company has experienced remarkable growth over the last few years which is projected to con nue. Sales increased consistently from 2017 through 2019, from $2.0M to $4.3M at a CAGR of 47.6%. Based on a backlog of over $1M in projects along with a very lucra ve pipeline, the Company expects to approach $5.3M in 2021. The ac ve owner and key employees are willing to stay with the Company post‐transac on to ensure a seamless transfer of ownership. Jack Sluiter Managing Director - M&A E. jsluiter@genera onal.com M. 704-840-8390 INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 DISCLAIMER: All informa on contained in this document has been provided by the subject company to Genera onal Equity and while believed to be correct has not been verified. Accordingly, Genera onal Equity makes no representa ons or warran es as to the accuracy and truthfulness of such informa on. The recipient hereof acknowledges that Genera onal Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Genera onal Equity of this document. At all mes Genera onal Equity and/or its affiliate network members are agents for the seller and not for the buyer. Genera onal Equity's fees are paid by the seller. SIGN NDA ► REVENUE / EBITDA 2020 Revenue INVESTMENT APPEAL a. Experienced, Knowledgeable, and Qualified Staff: Operators have a vast amount of experience working in highly populated areas, various types of power & distribu on lines and communica ng with homeowners and contractors. Upon hiring, all operators undergo drug tes ng and background checks. b. Specialized Equipment: The Company has over 20 years of experience using specialized tree removal and grinding equipment. The Company's method of clearing allows year-round opera ons, no ma er the weather. c. Brand New 8,600 Square-Foot Facility: The Company operates out of a brand new 8,600sqf facility that will more than handle the projected proforma growth. d. Strong Pipeline and Backlog: Current backlog is over $1M with substan al pipeline contracts being nego ated. e. Superior Name and Reputa on: In business since 1997, the company has built substan al goodwill with its key accounts by providing quality products and services, fair pricing, and excellent customer service. The Company is well known for providing a comprehensive suite of right-of-way clearing solu ons. f. Management Willing to Remain Through Transi on. Genera onal Equity 125 Park Avenue , 25th Floor New York, NY 10017 T. 212-381-7650 $1.5M $1.9M $4.4M $5.3M 2021 Revenue (proj) 2021 EBITDA (proj) 2020 EBITDA STAFF OVERVIEW Equipment Operators 7 FT Sales 2 FT Administra ve 2 FT + 1 PT Owner 1 FT REVENUE BY MARKET (2019) 96% - SC & NC 4% - GA, VA & MD TOP 5 ACCOUNTS Customer 1 (2019) 22% Customer 2 (2008) 16% Customer 3 (2016) 11% Customer 4 (2008) 5% Customer 5 (2019) 4% ACTIVE ACCOUNTS 2019 55+ Repeat Business 80% REVENUE BY CUSTOMER TYPE (2019)