Asking Price: $1,200,000 40 Yr profitable Fire / Life Safety ITM contractor
Issaquah, WA
King County
Detech Inc. dba Detech Fire & Security is a technical services contractor and supplier providing a wide range of facility systems solutions, with an emphasis on certified inspections & testing of fire / life safety systems for non-residential buildings of all types in accordance with code-enforced requirements as mandated by the local Authorities Having Jurisdiction (AHJ). In addition to Fire Alarm & Suppression / Life Safety solutions, Detech also provides Electronic Security, Specialty Communications & Automation-Instrumentation Systems. The firm provides technical services direct to facility owners and through 3rd party national account providers to protect ongoing operations and to ensure assets are secure, buildings and their occupants are safe and facilities are in compliance with AHJ requirements. Services include fire / life safety & security site surveys, consulting, design, engineering, programming, troubleshooting, maintenance, expansions, deficiency corrections, code upgrades, tenant improvements, and UL listed alarm / supervisory monitoring. Detech also serves the construction industry as a factory authorized Engineered Systems Distributor (ESD), supplying fire alarm equipment and associated specialty services to Electrical Contractors, which are required to use certified specialists. As an ESD, the company receives referrals from the represented manufacturers to provide products and services to owners and contractors for existing facilities as well as new construction, expansions and retrofits. In addition to owner direct clients, the firm has also earned preferred status with multiple national account providers as affiliates. Detech currently serves over 30 different national commercial accounts, each with between 50-300 local facilities (1,000's nationally) that all require annual, semi-annual or quarterly inspections & testing. These clients also provide high margin ongoing projects involving deficiency corrections, troubleshooting, retrofits, tenant improvements, code upgrades and monitoring opportunities. Detech is in a strong position to provide certified services as well as specialty equipment to these national account providers, providing virtually unlimited growth opportunity. The need for licensed companies and certified specialists creates a high barrier to entry for new firms attempting to enter this lucrative market. It takes time to develop trusted clients, build relationships and gain site references to qualify as an approved provider. Because of the firm's proven expertise in a wide range of engineered facility systems, Detech has a unique ability to provide value across virtually every sector. This approach is what has helped establish Detech Inc. as a preferred provider where clients choose us for our abilities rather than being a "low cost provider". As a result, the firm has never had "sales" people. Repeat business from our extensive network of clients provides a steady stream of profitable work. This is a recession-proof business, driven by ever-increasing fire / life safety codes. Facility owners and operators do not have a choice: they must design, construct and maintain their buildings in accordance with fire / life safety codes as mandated by the AHJ's. Detech Fire & Security has a solid book of existing business and a steady stream of new business which requires no sales effort. The company is debt free and poised for exponential growth. The firm can either be acquired and folded into a larger company already in the business, or taken over and run as-is by a group looking to immediately jump into this growing industry and hit the ground running as a pre-qualified entity with an established roster of clients - bypassing the lengthy and expensive barrier to entry. Detech is based in the nation's 2nd wealthiest city (Sammamish/Issaquah) near the confluence of I-405 / I-5 / I-90 freeways, with a on-site service area of Washington and design/supply across the country.