Issue link: http://deals.uberflip.com/i/1323418
Plumbing, Piping, and Site Utility Contractor Specializing in School, Government, and Military Projects U.S. Region California 2020 Est. Revenue $18,000,000 2020 Est. EBTIDA $3,732,000 Founded five decades ago, the Company is a full-service commercial plumbing and site utility contractor located in Southern California. The Company's customers include schools, government, military, and commercial accounts. Plumbing and piping services consist of equipment installations for water, sewer, fire, storm, and gas, which collectively generate 60% of revenue. Site utilities services generate the remaining 40% of revenue and cover wet utilities that run from the street to the building. These systems include site storm drains, sewer, and water systems. The Company operates in a strong geographic market, benefiting from projects driven by new storm drain regulations, the passage of a number of school bonds, and its proximity to a major naval hub. Investment Considerations: Excellent Reputation: The Company has an established name and excellent reputation with five decades of experience in the commercial plumbing industry. Strong Client Relationships: The Company has developed strong relationships with its clients due to its outstanding work and ability to complete projects in a timely manner. Management has excellent relationships with key general contractors and wins a high percentage of the projects it bids. Diversified Customer Markets: The Company has the expertise to handle projects from a variety of industries. Revenues are generated through state funded school projects, government and military projects, as well as the private commercial sector. Stable Employee Base: The Company experiences very little turnover as a result of excellent training, competitive compensation, and an outstanding company culture. Strong Net Working Capital: As of December 31, 2019, adjusted current assets equaled $2,764,000 and current liabilities totaled $1,309,000, resulting in net working capital of $1,455,000. Cole Preston, Senior Vice President (949) 209-8744 | cpreston@generational.com Client # 63531 Confidentiality Link: NDA_63531 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.