Mechanical Advisory Firm Recurring Clients Are 90%

Business Overview:

With 90% of revenue coming from recurring clients, this mechanical advisory company subcontracts almost all their labor. They have been serving major commercial clients since 1992 in HVAC, mechanical, and plumbing and 80% of their business is from new construction with the remaining 20% coming from maintenance & repairs work. Deemed an essential business amid the pandemic, this company’s largest customers are food processing facilities and Amazon distribution centers, with a strong foothold in the logistical and institutional sectors. Their highly experienced team with 5 year tenures, has over 100 years of combined experience; it consists of the owner, who acts as General Manager, plus 1 Project Manager, 1 Estimator, 1 Office Manager/Bookkeeper, and subcontractors as needed (3 of which are exclusive to this company).

Using proprietary software that tracks the breakdown of all of their costs for each individual project has set them apart from the competition; it allows them to be exceptionally cost-conscious and pursue jobs that match their skill set, while being cost-effective. Clients know this company will always stay on budget. In addition, they have never lost money on a project due to their scientific approach to pricing.

Established in 1992, they are a legacy company in the construction world; they receive invitations from the contracting and construction communities to bid a job and have a current win rate on bids of 50%! This company does not market and advertising as 100% of their customers come from referrals from existing customers. With a current backlog of $6.5M, the team is committed to seeing a job through from beginning to end, from the bidding process to coordinating the resources and installation needed for the project. Services include plumbing, heating, ventilation, air conditioning, sprinklers, industrial gas fitting, steam fitting, process piping, and pneumatics.

This would be a fantastic bolt-on opportunity for a control’s contractor, electrician, or civil contractor. Creating synergy between two companies would be an incredible opportunity to expand the market share and boost revenue.

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Market Competition and Expansion:

Great bolt-on opportunity for a business owner in electrical contracting field; Create synergy and expand market share.

Reason for Selling:

Retirement Planning.

Additional Details:

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