Highly Profitable Underground Utility Contractor
For Sale

Michigan Based

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Turnkey Opportunity

Established Profitable Underground Utility Contractor: ince 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 & power, water & sewer 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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