Electric Firm Focused On Public Transportation
Oregon City, OR Clackamas County
3 offices, 2 in Washington and 1 in Oregon
Seller's Contact Information
- RE: Electric Firm Focused On Public Transportation
- Contact: The Firm Advisors
Quick Facts
| Asking Price: | $23,814,420 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $3,238,872 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 2,581,269 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 247834398 | |
| Broker Reference #: | TRA039-G |
Business Overview:
Electrical firm engaged on Industrial and Government projects, where the “direct client” is a General or Prime Contractor. Their niche is in the “end client” being a Municipality with infrastructure needs. The expertise of this electrical firm is in designing, installing and maintaining above and below ground public transportation systems such as commercial street cars, and traffic lights. Serving the Pacific Northwest, with 3 strategically located offices in Washington and Oregon their team of over 60 is large enough to have multiple jobs with several crews simultaneously. They are boasting over $35,000,000 in Backlog, spanning over 22 different projects. The senior leadership includes a CFO, VP, a Superintendent and a Director of Project Management. The staff is robust with 5 PM’s, 17 Electricians, 7 Admin plus railroad maintenance, equipment operators and warehouse labor. This team allows the Owner to take extended vacations and time away from the office, where it runs like a well-oiled machine! In this region, the union is the only way to be able to perform public projects. Due to the recently passed US Infrastructure Bill, this business will grow significantly in the near future as $66 Billion dollars have been set aside for transportation infrastructure work in Washington and Oregon!
The purchase of this business comes with over $5M in assets including $1.7M in vehicles, $600,000 in equipment, along with working capital of $2.7M ! The owner is looking for a strategic growth minded buyer to scale this business to new heights and plans on staying with the business for 3 years after the sale; his ongoing salary has been accounted for in the Cash Flow Analysis. Priced at $14,500,000, the seller is willing to contribute a combined 25% via seller financing and/or equity roll to show good faith in the ongoing success of the company.
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Property Features and Assets:
Assets Included in Purchase: $5,331,269 Machinery & Equipment: $616,826 Vehicles: $1,739,443 Office Furniture & Software: $225,000 Working Capital: $2,750,000 • A/R average: $6,750,000 – A/P and LOC average: $3,500,000 Backlog: $35,001,431
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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