Fuel System Installation and Removal Company

Description:
The Company is an environmental construction company. Core services include installing and removing petroleum mechanical fuel systems, tank maintenance, and associated building site work.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 25.6% and 39.8%, respectively, from 2021 through the trailing twelve months (TTM) ending June 30, 2024
• Gross profit margin averaged 19.6% from 2021 through 2023
• As of August 8, 2024, the Company has approximately $24.7M remaining to be billed on its current contracts
• Bonding capacity of $15M for a single project with an aggregate program of $40M

Opportunities:
• Capitalize on future work opportunities with various government agencies to grow revenue
• Market to airports, utility companies, facilities with large boilers fed by fuel oil, and agencies requiring fuel for fleet vehicles to increase the number of service and maintenance contracts to grow recurring revenue
• Expand geographically to grow market share
• Continue to focus on growing on-site fueling business to gain market share
• Leverage the opportunity to work with water processing and treatment facilities

Headquartered:
• Northeast, US

Current Markets:
• The Company serves public and private customers with an emphasis on municipalities throughout the Northeast, US.

Real Estate:
• The Company operates from two facilities. Both facilities are leased from an affiliated entity, and there is room to grow in each location. The facilities may be included in the sale or leased long-term.

Shareholder Ownership:
• The Company is fully owned by a single shareholder.