Paving Company

Description:
The Company is a paving company that provides asphalt, concrete, and striping services, with a specialization in the construction of curb and gutter. The Company owns two concrete batch plants, allowing it to produce its own concrete.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates of 79.8% and 417.6%, respectively, from 2021 through the trailing twelve months (TTM) ending July 31, 2024
• Average gross profit margin of 40.6% from 2021 through 2023
• Adjusted EBITDA margin of 18.1% in the TTM ending July 31, 2024
• The Company serves industrial, commercial, governmental, and residential customers
• Management estimates that 85% of 2023 revenue derived from repeat customers
• Accredited to bid on and perform work with two state’s Departments of Transportation (DoT)
• The Company owns two concrete batch plants

Opportunities:
• Expand residential offerings to gain additional customers
• Search engine optimize (SEO) the Company's website to increase online visibility and reach more potential customers
• Capitalize on Georgia Ports Authority’s expansion to gain additional projects
• Leverage the population growth of the Southeast, US by expanding geographically

Headquartered:
• Southeast, US

Current Markets:
• The company currently serves industrial, commercial, governmental, and residential customers throughout its home state and a border state

Real Estate:
• The Company operates from a 2,500 sq. ft. facility on five acres of land leased from an affiliated entity
• The Company leases an additional five-acre property from the affiliated entity and two properties totaling approximately five acres from unrelated third parties

Shareholder Ownership:
• The company is owned by a single shareholder
• The owner, who is the current president of the company, is seeking retirement but is willing to remain with the company for a predetermined period following a sale to ensure a smooth transition to new ownership