Commercial & Industrial HVAC & Mechanical Contractor

Texas

Seller Financing Available

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Asking Price:$12,000,000
Gross Revenue:$25,000,000
FF&E:$900,000
Cash Flow:$2,617,796
EBITDA:$2,617,796
Established Year:2001
BUSINESS DESCRIPTION

This well-established Commercial & Industrial HVAC & Mechanical Contractor has been a key player in the North Texas market for more than two decades, delivering high-quality HVAC, plumbing, and piping services across a wide range of industries. The company has earned an exceptional reputation for handling complex renovation and addition projects with a focus on energy-efficient solutions such as VRF/VRV systems.

With a customer base that includes general contractors, public entities, and private sector clients, the company has consistently maintained strong relationships, leading to significant repeat business. Notably, their high standards of craftsmanship and client satisfaction have secured their status as a preferred contractor for several long-term clients. The intentional hiring and development of outstanding talent has afforded the owner the confidence and freedom to move into more of an advisory and oversight role. The company's day-to-day operations are led by an experienced and dedicated management team with key staffers overseeing every aspect of the business including operations, sales, accounting, and service. The company utilizes a dedicated workforce of employees and is structured to allow for operational continuity post-sale, ensuring a smooth transition for new ownership.

With a robust backlog of awarded projects exceeding $33.5 million and projected revenue for 2024 of about $25 million, the company is well-positioned for growth. Expansion opportunities include further development of the HVAC service division, geographic expansion into rapidly growing regions, and strategic partnerships to capture larger projects, to name a few.

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DETAILED INFORMATION
Location
Texas
Inventory
Included in asking price
Real Estate
Leased
Employees
90
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates from a 15,000 sq. ft. facility in an established industrial park. The warehouse and office each utilizes about half the total space.
Competition
The company primarily operates in the commercial construction market, with HVAC construction accounting for approximately 90% of its annual revenue, followed by plumbing and HVAC repair services at 5% each. Of that construction-related work accounting for 90% of the revenue, about 63% comes from replacement of existing systems and renovation of existing facilities, while the remaining 27% is for true ground-up new construction projects.
Growth & Expansion
The company is well-positioned for significant growth within its expanding geographic market and beyond. Several factors contribute to this potential, including the rapidly growing local construction market, increasing demand for energy-efficient HVAC systems and opportunities to expand service offerings and geographic reach.
Financing
While terms are negotiable, the owner is seeking a cash transaction with little-to-no
Support & Training
The owner’s desire is to divest the entire business and retire. However, to further ensure a successful transition to new ownership, the owner is open to remaining with the business, in whatever capacity deemed necessary for up to 12 months post-sale.
Reason for Selling
Retirement
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Jeremy
Furtick
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Jeremy Furtick