Civil Construction Company

Description:
The Company is a civil construction company specializing in complete site development and underground utilities. The Company offers land clearing & earthworks, underground utilities, site development, concrete work, and roll-off dumpster services.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 47.9% and 55.7%, respectively, from 2020 through 2023
• Average adjusted EBITDA margin of 14.6% from 2020 through 2023
• Backlog of $13.6 million as of February 14, 2024, and an anticipated additional $14.5 million of contracts to be signed in 2024, according to management
• Longstanding success: the Company has been in operation for nearly 30 years
• Vast fixed asset list, including vehicles, trucks, loaders, excavators, dozers, and additional heavy equipment

Opportunities:
• Increase potential customer base through geographic expansion
• Search engine optimize (SEO) the Company’s website to increase online visibility
• Establish a formal outbound marketing initiative to reach more potential customers
• Expand service offering to appeal to a larger clientele
• Capitalize on the growth of the Company’s state of operations

Headquartered:
• Southeast US

Current Markets:
• The Company serves commercial, industrial, governmental, and residential customers in the city of its headquarters and the surrounding areas.

Real Estate:
• The Company operates from a 6.5-acre property that is owned by an affiliated entity. The property includes a 2,115 sq. ft. office, a 5,840 sq. ft. workshop with an additional 300 sq. ft. office, and a laydown yard. The property may be included in the sale of the Company or leased long term.

Shareholder Ownership:
• The Company is equally owned by two shareholders. One of the shareholders is seeking retirement but is willing to remain with the Company following a sale to ensure a smooth transition to new ownership. The other shareholder is willing to continue in his current role following a sale.