Bronco: ±$8M EBITDA Residential HVAC, Plumbing, Electrical Contractor
| Gross Revenue: | $54,000,000 |
| EBITDA: | $8,000,000 |
| Inventory: | $3,900,000 |
| FF&E: | $1,400,000 |
BRONCO is a market-leading home services contractor serving a Tier 1 market in the Southern U.S. The Company provides homeowners with repairs, maintenance, and replacement of their mechanical, plumbing, and electrical systems. The Company does not offer new construction installations and provides minimal light commercial service. BRONCO currently has over 30,000 maintenance agreements which is growing YOY. This is an exceptional home services brand known for quality, integrity, and community involvement.
TTM revenue is tracking $54M with adjusted EBITDA of $8M (approx. 15%) and conservative growth planned for 2025. Service mix is 70% HVAC, 15% Plumbing, 15% Electrical. BRONCO employs a team of over 200 and prides itself as being an employer of choice given its strong culture, a focus on training and professional development, and competitive wages/benefits.
The Company is led by a strong management team who desire to align with new ownership to support continued growth and scale the business into adjacent markets. The current owner is approaching retirement and seeks a buyer who shares similar values and brings the resources and expertise to take the brand to the next level. The owner is semi-retired today, but open to entertaining rollover equity opportunities and support the business at a board level or as a strategic consultant.
This is a very strong brand with skilled people and highly attractive attributes and performance levels. The ideal buyer is well-versed in building home service brands and brings tangible operating experience to support the continued growth of BRONCO. This opportunity could be a perfect fit for aggregators seeking to expand their partnership base in the Southern U.S. or a financial sponsor seeking an established brand to enter the HVAC market as a platform.
