This is a specialized niche construction and project management business located in the Greater Toronto Area, with satellite offices in Montreal and Western Canada. The business has been a leader in its niche area for over 25 years, working across Canada. The company specializes in working with blue chip private companies on government and municipal projects.
The business has an established management structure in place and a solid team of internal and subcontracted work force. The company has had a long history of stable revenues and profitability with gross margin in the 40% range. Because of its narrow specialization, the business has a very sticky business which is well engrained into the business model of its clients and allows for continued and lasting work relations. Despite being in the construction industry, very little of the work completed is subject to holdbacks, with most clients paying net 30 days.
The business has a strong pipeline of upcoming projects and well organized financial records (including Review & Engagement accountant prepared financials). Business has a significant seasonality, with the spring and summer seasons being the busiest.
This is an ideal stand-alone or add-on acquisition for a company or individual with exposure and experience in the project management and construction industry, looking to diversify and expand product and service offerings. The transaction has been pre-qualified for financing, subject to buyer’s approval and net worthiness. Contemplated transaction is a share sale, which is to include a normal amount of working capital around $500,000, in addition to all FF&E.
Asking Price: Upon Request
Revenue: $ 6,240,000
Normalized EBITDA: $ 1,125,000
FF&E: $ 162,000
Sale Type: Share Sale