Intelligent Traffic Systems Contractor
| Gross Revenue: | $8,546,000 |
| EBITDA: | $1,064,000 |
Description:
The Company is a specialty contractor offering comprehensive integration of electrical, security, and communications systems. Additionally, the Company provides ongoing service and maintenance for these types of systems.
Key Aspects:
• Revenue and adjusted EBTIDA grew at compound annual growth rates (CAGRs) of 30.2% and 47.8%, respectively, from 2020 through 2023
• Average gross profit margin of 21.5% from 2020 through 2023
• Adjusted EBITDA margin of 12.5% in 2023
• $14.1 million backlog as of March 31, 2024
• Significant recurring revenue through service and maintenance contracts
• The Company owns the heavy equipment necessary to provide its services in any environment throughout its operating regions
• Management notes that the Company self performs over 90% of its work
Opportunities:
• Geographic expansion
• Capitalize on the approximately $100 billion of federal funds allocated to the Company's operating regions through FEMA, CBDG, USDA’s RUS, FHWA, and the USACE for projects that encompass the Company’s service offerings
• Reenter the telecommunications market to capitalize on the nearly $1 billion of funds allotted for a broadband deployment initiative
• Expand service offerings to gain additional clients and further diversify revenue streams
Headquartered:
• Caribbean
Current Markets:
• The Company provides its services to government agencies, manufacturing companies, private utility companies, and public corporations
Real Estate:
• The Company operates from four locations totaling 11,400 sq. ft.
• Two of the locations are owned by the Company's majority owner and may be included in the sale of the Company or leased long-term
Shareholder Ownership:
• The Company is owned by five shareholders
• The majority shareholder is seeking retirement, one of the shareholders is not involved in the operations of the Company, and the other three shareholders are interested in remaining with the Company following a sale
• The majority shareholder is open to remaining with the Company for a predetermined period following a sale to facilitate a smooth transition to new ownership
