PM Firm Specializing In Military Bases And Federal

Business Overview:

A professional PM firm that plans and manages renovations and maintenance for military bases across the upper West Coast. Clients are 90% Federal/Government and 10% private, including the VA, Navy, US Coast Guard, Army, and School Districts. There are typically 25-30 active jobs concurrently which represents a current WIP of $78,000,000. Project types include Medical & Hospital 45%, Vertical Structures 40%, and Heavy Civil 15%. A highly developed leadership team is in place where there are about 55 key employees, including a President, CFO, 4 Project Managers, 2 Engineers, 5 Superintendents, 2 Foreman, 5 Estimators, 4 Quality Control, plus Admin, IT, and Assistants. This allows the owner to work remotely, spending only 10 hours per week providing “strategic vision” to the leadership team. They have a 4+ year backlog with multi-year contracts in place. The Seller is willing to stay 3 years post-close and will also offer a promissory note and/or equity roll of 30% as a sign of good faith. With the purchase, a buyer would receive $3.4M in assets, including working capital and the vehicles and equipment needed to continue successfully. CapEx remains very low at less than $200,000 per year.

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Property Features and Assets:

Vehicles: $1,275,542

A/R: $2,145,438

CapEx: Very low, less than $200,000 per year

Reason for Selling:

Entering retirement age

Additional Details:

Documents:

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