Heavy Equipment and Tool Rental, Repair, and Sales Company
| Gross Revenue: | $9,260,578 |
| EBITDA: | $2,986,294 |
Description:
The company is a heavy equipment, vehicle, and tool rental supplier. The company offers new and used equipment rental, sales, and repairs by certified technicians.
Key Aspects:
• Adjusted EBITDA and adjusted EBITDA margins averaged $3.1 million and 35% respectively from 2020 through 2023
• From 2020 to 2023, the company exhibited an average gross profit margin of 78.8%
• Three well-established business locations, each with additional capacity to grow the company’s operations
• As of year-end 2023, the company has over $22M in rental equipment inventory across its three locations and supplies equipment across the Southeast US for varied rental durations
• Total rental revenue was comprised of approximately 15% single-rentals by residential consumers and 85% from commercial activity
• No one customer generated more than 6% of overall revenue in 2023
Opportunities:
• Leverage the company’s brand and name recognition in the Southeast US to support additional expansion in the region and country
• Increase affiliation with established manufacturers to offer a broad product offering of equipment through distribution partnerships
• Equipment leasing is favorable to price increases as the relative cost of equipment will remain high to the cost of raw materials and supply restrictions
Headquartered:
• Southeast, US
Current Markets:
• The company provides equipment rental, sales, and repair services to commercial and private customers across the southeast US from three locations in the Southeast US. The company has a comprehensive inventory of tools and equipment, including specialized industrial tools such as forklifts, compaction equipment, and bulldozers.
Real Estate:
• The company has three store locations across two states in the Southeast US. Two of the properties are outright owned by the company with the third being leased from an affiliated entity.
Shareholder Ownership:
• The company is owned equally by two shareholders. One of the owners actively manages the daily operations and is open to remaining with the company for a transitionary period. The other owner is not active in the operations of the company and does not wish to remain with the company after a sale.
