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INDUSTRIAL MECHANICAL CONTRACTOR WITH 30% RECURRING REVENUE #63158 BUSINESS HIGHLIGHTS For more than 30 years this company has been a leading full-service mechanical contractor serving local, state, and federal governments, in addi on to private companies in the commercial, industrial, educa onal and medical industries. Current backlog includes a blended mix of IDIQ and Non-IDIQ government contracts, valued at $32M as of Q3, 2020 with nearly $9M a ributable to recurring maintenance contracts. Industrial and ins tu onal projects include mechanical & piping, hea ng & cooling, as well as underground & under pier water delivery systems. This company has the skills, manpower and history for doing highly complex projects. Their excellence on the jobsite starts with organiza onal management and employee development. OSHA recently recognized the Company for an incredible 7-year Safety Award, and employees are able to take advantage of strong appren ceship programs and recurrent safety training. This focus on excellence and development has created a rich working environment that delivers high-quality service to their clients. Jack Sluiter Managing Director - M&A Email: jsluiter@genera onal.com Mobile: 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 its affiliate network members is an agent for the seller and not for the buyer. Genera onal Equity's fees are paid by the seller. SIGN NDA ► INVESTMENT APPEAL REVENUE / EBITDA 2019 Revenue a. Backlog of Signed Contracts: The Company has an es mated $32.0 million of booked revenue as of Q3, 2020. b. Significant Recurring Revenue: The Company enjoys significant recurring revenue from maintenance contracts with $8.9M of exis ng backlog a ributable to maintenance contracts. c. Superior Name and Reputa on: This company enjoys an excellent reputa on for quality services and superior customer support. The Company is well known for its exper se on mee ng the needs of complex, fast track projects. d. Safety Record: This company has adopted extensive policies, procedures and incen ves that are all designed to provide a safe and healthy work environment for all employees, subcontractors and customers. e. Strong Growth Opportuni es: Several strong growth opportuni es are immediately available by increasing focus on service contracts and moving further into the medical and ins tu onal industries. Genera onal Equity 125 Park Avenue , 25th Floor New York, NY 10017 T. 214-717-7494 $4.4M $4.1M $26M $26M 2020 Revenue (PROJ) 2020 EBITDA (PROJ) 2019 EBITDA EXPERIENCED TEAM REVENUE BACKLOG IDIQ* Contracts 28% Non-IDIQ 72% *Indefinite Delivery Indefinite Quan ty CUSTOMER RETENTION 2019 90% CUSTOMER MARKET 2017—2019 SPECIALTY SERVICES INCLUDE U lity / Steam Chilled Water Pumping Sta ons Sanitary Sewer Natural Gas Mains Waterlines Renova on Construc on Underground U li es Mechanical Repair ESTIMATING 1 X PAYROLL/HR 1 X PROJECT MANAGEMENT 5 X SUPERINTENDENTS / FOREMEN 18 X FIELD 30 X PROJECT ASSISTANT 3 X KEY CUSTOMERS Revenue by Customer 2019 Customer 1 31% Customer 2 44% Customer 3 18% ACTIVE ACCOUNTS 2019 25 ACCOUNTING 3 X Execu ve 2 X