Thursday, 5 October 2017

New York Electrical Contractor

Business Description:

Established in 1990, the Company provides design, engineering, and construction for public and private clientele in the retail, multi-family, public institutions and government buildings with the majority of clients based in New York and the Mid-Atlantic regions of the country. The Company’s facility contains a prefab shop which is equipped to support pre-construction and installation activities. The Company currently employs between 100-120 full-time employees depending on the number of projects being worked on. The staff are spread across the following 7 departments: Estimating and Sales (6), Executive (1), Construction (6), Accounting (3), Administration (2), Education/Safety (1), and Field (80-100).

In 2016, the Company’s services by percentage of sales were attributable to the following project types: electrical wiring (new buildings)=59%, electrical wiring (building renovations)=31% and solar=10%. The Company prides itself on maintaining long term, customer relationships. However, projects can vary in scope and duration throughout any given year. In 2015, 61% of total revenue was from repeat business.

 Operational Strengths:
·         Strong Balance Sheet-Current ratio 4:0
·         Audited Financial Statements-Gross Profit of 19% in 2016
·         Good Historical growth-CAGR of 17.4% over the last 3 years

The Transaction:
Ownership is willing to stay for 1 year to ensure a smooth transition. The owner is selling because he wants to retire. All offers will be considered.

Financial Summary

2017 Est by Seller
$21 mil.
$ 19.5 mil.
$21 mil.
Adjusted EBITDA
$1.2 mil.
$ 800k
$1.0 mil.

Other Highlights
Management Team
Years in Business
SIC Classification

Direct All Inquiries to:
                                                        Gottesman Company            
Refer to:  S-2747-8 SJE
Tel: 212-330-8010     Fax: 646-434-4557