Heavy Civil Firm With Over 80 On Staff

Business Overview:

Presenting a reputable, 20-year-old heavy civil company with a 90-mile radius of Tulsa. Specializing on roadways, both asphalt and concrete paving, drainage projects, utility installations, and earthwork. The service mix is 75% roadways and 25% underground utilities. Their client base consists of municipalities and the Department of Transportation (DOT), airports and parks with approximately 15% of their annual workload coming from private sector clients. The business occupies 1.5 acres which includes two buildings: a two-story office with storage space totaling 7,000 square feet and a large mechanic shop covering 7,500 square feet. The company boasts a team of over 80 employees with key leadership positions including an operations manager, lead estimator, paving manager, survey manager, maintenance/fleet manager, safety director, HR manager, and Controller. The remaining staff consists of infield. The current owner remains involved in the business operations providing general oversight however he relies on his Leadership Team to manage all day-to-day operations. The seller has offered to stay with the business post-close for 1-2 years and in order to sweeten the deal, he has offered to carry or roll equity of 10-15% of the purchase price. 

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Property Features and Assets:

Vehicles: $782,148

FF&E: $42,496

Tools & Equipment: $3,165,091

Market Competition and Expansion:

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Reason for Selling:

Retirement

Additional Details:

Documents:

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