Concrete Restoration and Waterproofing Contractor

Description:
The Company is a premier commercial contractor specializing in high-quality restoration and waterproofing services for concrete and masonry on new and existing structures in the Northeast US. With a dedicated team of highly trained professionals, the Company provides innovative project management solutions encompassing repair and restoration.

Key Aspects:
• Average gross profit and adjusted EBITDA margins of 35.3% and 30.4%, respectively, from 2021 to 2023
• Revenue increased by 20.7% from 2022 to 2023
• Low client concentration, with the largest client representing 7.1% of 2023 revenue
• Well-established presence in the new construction and restoration markets, with a balanced revenue split between the two sectors
• Long-standing affiliations with general contractors and project owners, resulting in an approximate 80-85% repeat client rate annually, according to management
• The Company handles a wide range of projects, from small-scale jobs to large, complex contracts, with project sizes ranging from $150,000 to $1.5 million
• Bonding capacity of up to $10 million for single projects and $20 million in aggregate

Opportunities:
• Leverage decades of established client affiliations to maintain and expand the Company’s extensive client base
• Expand into new geographic regions, tapping into additional markets for new construction and restoration services
• Implement a formal marketing strategy to significantly increase project opportunities and revenue as the Company has primarily relied on word of-mouth and reputation for business development
• Capitalize on specialized proprietary application methods and techniques that enhance project speed and efficiency

Headquartered:
• Northeast, US

Current Markets:
• The Company primarily works with general contractors and directly with project owners in the concrete construction and restoration markets across the Northeast US.

Real Estate:
• The Company operates out of a strategically located facility in the Northeast US, comprising a 17,000 sq. ft. warehouse and a 5,820 sq. ft. office space. This facility is owned by an affiliated entity, with ownership open to including the property in the sale or entering into a long-term lease agreement.

Shareholder Ownership:
• The Company is owned by two majority partners and one minority partner. The partners open to various transaction structures, including a strategic partner or a complete exit.