Issue link: http://deals.uberflip.com/i/1531912
REOCCURRING SERVICE COMMERCIAL REFRIGERATION COMPANY #68295 BUSINESS HIGHLIGHTS For over 60 years, this Company has specialized in providing comprehensive sales, service, and installa on solu ons for a wide range of commercial refrigera on needs. Serving Connec cut and beyond, the Company prides itself on delivering high-quality products and excep onal customer service including repairs, preventa ve maintenance and design specifica on services. It has developed a strong reputa on with its customers in the commercial refrigera on industry and serves a diverse range of markets, including convenience stores, restaurants, ice cream and yogurt shops, and liquor stores with new installa ons accoun ng for 25% of revenue and repeat service work making up the majority of annual revenue. The Company maintains a client list of over 400 with 90% of business annually coming from repeat customers. Service work is performed as me plus materials or under services contracts up to $10,000/ month. It operates from a 8,500sq. . office and warehouse conveniently located in its core New England territory and ownership is supported by fourteen full- me and three part- me employees. Ahmad Behja Managing Director - M&A E: abehja @genera onal.com D. 203-716-1185 M. 203-945-8919 INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 - 2022 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. REVENUE / EBITDA 2023 REVENUE INVESTMENT APPEAL a. Client Rela onships: The Company is proud of its strong es to clients and its reputa on for quality work and client service. Evidence of these rela onships is shown in the 90% rate of repeat business. It's top five clients have been working with the Company for up to twenty-five years and include major insurance providers, chain convenience stores, and top fast-food brands. b. Strong Sales Growth: Sales have grown from $1,945,000 in 2021 to $2,505,000 in the fiscal year ending December 31, 2023, represen ng a compound annual growth rate of 13.5% with an expecta on to reach $3.0M in 2024. c. Telemetry Monitoring: The Company uses remote monitoring to iden fy early maintenance requirements and drive service revenue. d. Low Employee Turnover: The Company values its staff and their experiences, and that treatment is reflected in a low employee turnover rate. Genera onal Equity 125 Park Avenue, 25th FL New York, NY 10017 T. 212-401-7961 $324K $457K $2.5M $3.0M 2024 REVENUE (PROJ) 2024 EBITDA (PROJ) 2023 EBITDA SIGN NDA ► REVENUE BY REGION Connec cut 80% Massachuse s 10% Rhode Island 10% FINANCIAL PERFORMANCE ($M) ACCOUNTS Ac ve 400 Repeat Business 90% EXPERIENCED TEAM OWNERS (3) REVENUE MIX KEY CUSTOMERS Customer A 26% Customer B 8% Customer C 5% Customer D 2% Customer E 2% CUSTOMER MIX OFFICE (3 + 1PT) SERVICE & INSTALL (11 + 2PT)