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INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 - 2022 Phil Pizzurro, CFA, CAIA Sr. Managing Director, M&A E. ppizzurro@genera onal.com T. 847-592-7120 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. Genera onal Capital 3400 N. Central Expy Suite 100 Richardson, TX 75080 #67255 BUSINESS HIGHLIGHTS With nearly 30 years of experience in the industry, this specialty contractor has carved a prominent niche as a full-service underground u lity and sitework contractor. Their exper se lies in excava on for fiber op c & power, water & sewer installa ons, serving industrial, municipal, and commercial clients through dedicated excava on and sitework crews. While the owners provide oversight remotely, skilled crew managers oversee daily opera ons, and the office team ensures seamless coordina on. This streamlined structure has posi oned this company as a top U lity Contractor, built on a founda on of top- quality work and long-term client rela onships, making this opportunity a truly turn-key company. Fueled by substan al infrastructure funding and the ever-increasing demand for underground u lity projects, the Company is poised for significant growth. The Company's backlog is $6.2 million in remaining revenue to bill and more than $35 million in the pipeline as of March 2025. REVENUE / EBITDA INVESTMENT APPEAL a. Significant Growth Poten al: With a strong track record of revenue growth (35% CAGR from 2021 to 2024) and increasing gross profit margins (up from 53.4% to 64.5%), the Company is well-posi oned to expand into new markets, par cularly in the renewable energy sector, leveraging its Green Division. b. Established Reputa on and Strong Client Reten on: The Company has built a stellar reputa on for quality service, reliability, and ethical business prac ces, with 85% of its business coming from repeat clients, including long-standing rela onships of over 25 years. c. Experienced Management Team and Technological Edge: The management team brings extensive exper se in excava on and sitework services, priori zing quality, cost-effec veness, and the use of advanced equipment, techniques and technology to stay ahead of regional compe tors. d. High Barriers to Entry: New compe tors face substan al challenges in entering the market due to the need for advanced technical skills, significant capital investment, and the development of strong customer rela onships, providing the Company with a protected market posi on. EXPERIENCED TEAM FIELD SUPERINTENDENT $6.8M $13.8M 2025 REVENUE (EST) 2025 EBITDA (EST) SIGN NDA ► REPEAT CUSTOMERS * % of revenue in 2024 Customer A 41% Customer B 11% Customer C 10% Customer D 9% Customer E 6% Other Customers (10+) 23% FINANCIAL PERFORMANCE ($M) *Earnings were not analyzed for 2019. REVENUE BY SERVICE REVENUE BY MARKET HIGH-MARGIN EXCAVATION & SITEWORK SPECIALTY CONTRACTOR (MIDWEST) FACILITIES & ASSETS 80,000sf 3PL Yard & Warehouse Est. $5.2M+ in iron assets PROJECT MANAGEMENT (3) FIELD OPERATIONS (6) OFFICE MANAGER (UNION) (UNION) GEOGRAPHIC MARKET HOME STATE 42% NEIGHBORING STATES 58%