Highly Profitable Underground Utility Contractor
For Sale

Michigan Based

Backhoe.
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Established Profitable Underground Utility Contractor: Since the 1990s, this Michigan-based company has carved a prominent niche as a full-service underground utility contractor. Their expertise lies in directional drilling for fiber optic and power cable installations, serving industrial, municipal, and commercial clients through dedicated drilling crews.

Remote Ownership, Local Management: While the owners provide oversight remotely, skilled crew managers oversee daily operations, and the office team ensures seamless coordination. This streamlined structure has positioned this company as a top Utility Contractor, built on a foundation of top-quality work and long-term client relationships, making this opportunity a truly turn-key company.

Robust Growth: Despite past COVID challenges, this company remains a highly profitable market leader. They have been selective, declining opportunities due to equipment shortages, but shortages are now subsiding, paving the way for future expansion.

Strategic Positioning: This business thrives in both economic booms and downturns, fueled by substantial US Government Infrastructure Funding and the ever-increasing demand for long-term underground utility projects. This turnkey opportunity is poised for significant growth.

Financial Highlights:

  • 2023 YTD Revenue (Annualized): $6,476,659 (SDE > $3,000,000)
  • 2022 Revenue: $5,166,182 (SDE > $2,500,000)
  • 3,600+ sq ft of real estate with common ownership of company and real estate company
  • Over 20 dedicated full-time employees, with three additional subcontractor crews

Growth Potential:

  • Expand into new markets, capitalizing on the surge in demand for underground fiber optic and utility cable.
  • Hire additional crews as equipment becomes available.
  • Invest in directional drilling equipment to facilitate rapid growth and employ new crews.
  • Ideal bolt-on acquisition for another utility contractor or similar business.

Investment Highlights:

  • Highly profitable with strong momentum and secured long-term contracts.
  • Continuing multi-year utility contracts provide stability.
  • Dedicated and loyal workforce with an average tenure exceeding ten years.
  • Award-winning track record of excellence.
  • Proven business operations spanning 30 years.
  • Favorable local and regional economic forecast for market area growth.
  • Outstanding reputation within the industry and business community.
  • Smooth transition support from the owners.

Reason for Selling: Retirement

Inquire Today: Contact EGM for pricing details and to acquire a thriving, well-positioned leader in the Michigan underground utility market.

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