Business Overview:
The Company is an industry leading full-service foundation drilling firm specializing in deep foundation work serving an array of industries including civil infrastructure, energy & utilities, and solar. Based in the Northeast US, the Company has developed a highly respected reputation throughout the industry for its knowledgeable workforce, breadth of specialized equipment, and expansive capabilities.
The client base is primarily comprised of general contractors and construction managers requiring deep drilling services for foundations on a variety of mid to large scale project types, with the overall client project sizes generally ranging from $500,000 up to $1 billion The Company’s clients are typically the prime contractor on the construction projects and will engage the Company as a subcontractor for its highly specialized services. The end client for civil infrastructure projects is generally a government agency such as the Department of Transportation (DOT) or a local port authority. In recent years, DOT projects have accounted for approximately 45% of annual revenue. Public utility companies also have consistent demand for deep foundation installations to put up new transmission and distribution power lines which generates 30% of annual revenue for the Company. Solar energy projects are mostly private commercial work, but can also be public projects, and produce about 20% of annual revenue. The remaining 5% of revenue is attributable to ancillary services provided by the Company, most notably manned equipment rental.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Two properties total over 4 acres of land with several structures totaling over 7,000 square feet of covered space.
Market Competition and Expansion:
Competition: The Company’s unique advantages come from a variety of factors, both tangible and intangible, including significant barriers to entry within the industry itself. Throughout the years, the expansion of its capabilities through the acquisition of highly specialized equipment as well as the invaluable asset of the knowledge base and expertise possessed by the Company’s workforce have propelled it to becoming an industry leader in its target market segment.
Growth & Expansion: Given the Company’s unique position in the marketplace with few competitors possessing the resources and skilled labor to provide comparative service offerings, there is ample opportunity for continued expansion of the Company’s operations within its current footprint and beyond. It’s current fleet of equipment is not being utilized to full capacity and can support substantial revenue growth with the proper human resources in place.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Relevant Links: