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Underground Utility Contractor

 

Northern Michigan

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Business Summary

Our client is a full-service and well-established underground utility contractor that has been in business for over 30 years. They proudly serve industrial, municipal, and commercial markets. This contractor prides themselves on their hard-working, dedicated staff and their high quality and reliable work.  The company has extensive knowledge and experience in cable plowing, fiber optics, and directional drilling.

The company is well positioned in its market, and the client base is well diversified with high-quality clients.  They just recently landed a new utility contract, with a utility company, that will significantly increase sales for the next several years.

More information to come!

Details
2022 Revenue:     in excess of $4,000,000
2022 SDE:              in excess of $1,200,000
Real Estate:           3,660 square feet
Employees:            22 full-time plus the owners

Growth Opportunities:

  • Expand to other markets, including additional markets
  • Hire additional labor and sales team
  • Expand marketing and bid on more opportunities within current markets
  • Bolt-on acquisition for an existing contractor

Investment Highlights:

  • Strong Existing Workforce
  • Real Estate is in great condition
  • Offers a wide variety of underground services
  • Longevity of business operations for the last 30 years.
  • Great Reputation within the industry and business community.

Support & Training: The owners are willing to assist in the transition
Reason for Selling: Retirement

 

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