Issue link: http://deals.uberflip.com/i/1323418
Acquisition Opportunity Leading Concrete Forming Contractor Ontario Est. FYE Aug 2020 Revenue: $36.0MM Est. FYE Aug 2020 EBITDA: $2.8MM+ Streamlined Operations and Company Structure: The Company has refined its bidding, customer interface, project completion, and policy/procedures over many years, providing a strong operational platform for future growth. Backlog of Signed Contracts: The backlog as of Q2 2020 was $30 million. The Company has current and pending contracts now, supporting revenue levels of $30+ million for approximately the next two years. Management in Place: Management/administration staff include four project managers, seven project coordinators, and four financial/administrative employees, as well as experienced estimators who can quote projects with consistent accuracy. Recast Historical and Pro Forma Statement of Income For the Fiscal Years Ended August 31 ($000) Historical Est. Projected 2017 2018 2019 2020 2021 2022 2023 2024 2025 Sales 29,471 35,553 35,243 36,000 38,500 41,200 44,100 47,200 50,500 % Growth -- 20.6% -0.9% 2.1% 6.9% 7.0% 7.0% 7.0% 7.0% Gross Profit 3,924 4,600 4,881 4,968 5,313 5,686 6,086 6,514 6,969 % of Sales 13.3% 12.9% 13.8% 13.8% 13.8% 13.8% 13.8% 13.8% 13.8% EBITDA 2,057 2,427 2,816 2,870 3,123 3,399 3,697 3,973 4,267 % of Sales 7.0% 6.8% 8.0% 8.0% 8.1% 8.3% 8.4% 8.4% 8.4% Client # 62034 Mike Hammer Generational Equity Senior Managing Director 416‐782‐5222 (Tel) 416‐782‐7833 (Fax) mhammer@generational.com The Company installs and finishes concrete structures for a wide range of mid‐rise and high‐rise projects. Typical services include concrete forming, pouring, and finishing; concrete formwork fabrication; architectural formwork with custom‐engineered formwork; excavation services; and consultation with construction managers, general contractors, soil consultants, structural engineers, and other specialty contractors in design/reengineering. The Company typically works with large contractors or construction managers (approximately 50% in recent years) and developers (50%). It has project experience in all industrial and commercial sectors. In recent years, the project mix comprised mid‐rise and high‐rise residential (50% of sales) and industrial, commercial, institutional, and civil (50%) sectors. Operations are conducted from one headquarters facility which comprises 4,000 square feet for offices, a 5,000‐square foot warehouse, and ample room for vehicles and material storage, on 2.5 acres. The employee base currently totals 170 full‐time personnel. 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.