Leading Joint Trenching Contractor, Specializing in Dry Utilities

Description:
The Company is a renowned leader in dry utility construction with nearly 50 years of experience. As a full-service joint trenching contractor, the Company offers comprehensive services, including cable pulling and splicing, streetlight controller installation and splicing, TV and cable TV conduit and cable installation, as well as electric, gas, and composite engineering and design. The Company excels in a niche segment of the civil construction market, providing specialized services.

Key Aspects:
• Consistent Financial Growth: The Company's revenue grew at a compound annual growth rate (CAGR) of 15.5% from 2021 to 2023.
• Long-Standing Operation: With almost 50 years of operating history, the Company has built a strong market presence and reputation in the industry.
• Comprehensive Array of Services: The Company offers a comprehensive range of services, including trenching, backfilling, and splicing, as well as the installation of electrical, gas, telephone, fiber, and streetlights.
• Robust Backlog: As of December 31, 2023, the Company had $34.7 million in the backlog.
• Prominent Client Base: The Company serves a diverse range of clients, regularly completing projects for leading national homebuilders and works extensively with regional developers, utility companies, and municipalities.

Opportunities:
• Expand Geographically: Pursue geographic expansion into new regions with high construction activity.
• Leverage Strategic Location: Utilize the prime location near a vast new development spanning thousands of acres to secure major contracts and drive substantial growth.
• Augment Services: Capitalize on the Company's existing expertise to expand into related services, such as undergrounding, in response to increasing demand for infrastructure development.
• Develop New Client Channels: Develop strategic affiliations with additional homebuilders, regional developers, and utility companies to broaden the client base and increase market share.
• Enhance Project Management Capabilities: Implements advanced project management tools to improve efficiency, quality control, and client satisfaction across all projects.

Headquartered:
• Western U.S.

Current Markets:
• The Company primarily serves homebuilders, utility companies, and public agencies, offering services for residential developments, commercial properties, industrial facilities, and public infrastructure projects.

Real Estate:
• The Company operates from a 5-acre property with an office, warehouse, and storage yard. The facility is leased from an affiliated entity with a lease that is assumable post-sale.

Shareholder Ownership:
• The Company is owned by two shareholders who are looking to sell the company as they are approaching retirement. Both shareholders are willing to remain with the Company following a sale for a transitionary period.