Thursday, 7 December 2017

Aerial Lift Sales & Rentals (Mid-Atlantic US)


Business Description:
This aerial lift sales and rental and repair company represents several dozen major equipment lines.  Products include most aerial lifts from bucket trucks to access equipment to recovery equipment. They have a loyal customer base and there are no customer concentration issues. Largest customer is 3.5% of sales. Rentals are 23% of sales.

Distribution:
The company operates out of two facilities: a 21,000 sf headquarters that handles sales and administration and a 15,000 sf facility that handles rentals.  Both are owned.

Operational Strengths:
The company has a strong defendable position in their niche market. They are recognized for their impeccable business ethics and unmatched service and quality.

The Transaction:
The owner is of advanced age and ready to retire.  Her CEO son will stay on for a reasonable transition and then wants to retire.  Various employees own 27% of the company.

Financial Summary

2017 Est by Seller
2016
2015
Revenue
$7.5M
$7.4M
$8.1M
Adj. EBITDA *
$672K
$670K
$689K
                                            * EBITDA adjustment includes $350K for personnel retirements and job consolidations

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Mid-Atlantic
Compiled
Yes
48
50840605





Direct All Inquiries to:
Gottesman Company
Refer to:  S-2958-1 RFK
Tel: 212-330-8010  Fax: 646-434-4557