Issue link: http://deals.uberflip.com/i/1536938
PUBLIC WORKS GENERAL CONTRACTOR #68999 BUSINESS HIGHLIGHTS The Company, founded in 1988, is a leading mechanical contractor specializing in commercial, industrial, and government projects throughout the Northeast United States. It has built a strong reputa on for delivering high-quality projects on me and within budget, with a par cular emphasis on complex renova ons, heavy mechanical scopes, and public-sector work. The company has long rela onships with key federal agencies and holds mul ple contracts, including IDIQ and prequalifica on contracts that posi on it for ongoing federal project opportuni es. The Company offers tradi onal plan-and-spec project delivery and full design-build capabili es, supported by its ability to self-perform plumbing, HVAC, and heavy mechanical installa ons. Services include new construc on, major facility renova ons, infrastructure upgrades, and historic building restora ons. The Company's excellent industry reputa on and regional brand awareness have established it as a leading contractor for public sector clients, including federal, state, and municipal agencies. The Company operates from a well-located facility with ample office and yard space and maintains a robust backlog of government and ins tu onal projects valued at over $43M as of wri ng. Jack Sluiter Managing Director - M&A E. jsluiter@genera onal.com T. 980-217-9520 INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 - 2022 - 2024 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 2024 REVENUE INVESTMENT APPEAL a. Strong Growth: Revenue has grown from $24.2M in 2022 to $41.1M in 2024, represen ng a compound annual growth rate of 30.2%. Revenue is expected to stabilize at this level for 2025 & 2026. b. Audited Financials: The Company's financials are audited annually by a third party CPA firm who have found no material defect. c. Robust Leadership Team: The Company's leadership team remains closely involved in daily opera ons, visi ng job sites on a weekly or bi-weekly basis depending on project loca on. This hands-on management style ensures that quality standards are upheld, poten al issues are addressed early, and client sa sfac on remains a top priority throughout the life of each project. d. Strong Bonding Capacity: The Company's bonding capacity of $100 million per single project and $200 million in aggregate posi ons it to pursue and perform large-scale government and ins tu onal projects. The Company maintains a long-standing, trusted rela onship with its bonding agent, and rou nely provides bonding le ers with technical proposals as required by public sector clients. e. DOGE Resistant: The Company has experienced li le-to-no nega ve effects from the recent efforts of the Federal Governments. Many of their contracts come from municipali es, or DOD-Related en es that have been largely protected from DOGE ini a ves. Genera onal Equity 125 Park Avenue, 25th FL New York, NY 10017 T. 212-401-7961 $3.4M $3.4M $41.1M $40.0M 2025 REVENUE (PROJ) 2025 EBITDA (PROJ) 2024 EBITDA SIGN NDA ► CONTRACT SOURCES Navy (since 1992) 41% Na onal Guard (1996) 40% GSA (1996) 9% Municipali es (1998) 8% State of CT (1993) 2% GEOGRAPHIC FOCUS STAFF BREAKDOWN Officers 4FT Accoun ng 2FT PM/Es ma ng 6FT Field Workers 21FT + 2PT FINANCIAL PERFORMANCE MAINE 28% CONNECTICUT 72% PROJECT BACKLOG As of April 2025 $43M