Well Known Underground Utilities Contractor- S. CA

This is a rare opportunity to acquire one of the oldest and recognized S. California Underground Utilities Contractors with a huge backlog and pent up demand from its clients. This 70 year old underground utilities firm with some 40 non union employees is the “go to” contractor for many of the major developers and contractors in S. California. It always has a strong backlog with more demand from its clients than it has historically been willing to accept. With little or no subcontracting, management can control gross profit margins tightly resulting in annual EBITDA running at significantly higher rates than similar contractors. Organic growth opportunity is strong from just its own clients. But for a new owner, 15-20% annual growth for the next few years is easily achievable without the addition of new clients. Location: Los Angeles County, California Year Established: 1952 Number of Employees: 40 Real Estate: Leased Rent: $5,583.33 Per Month Facilities: State of the art, modern heavy equipment. Enough for annual projects twice that of today. large yard. Market Outlook/ Competition: This is one of the top underground utilities contractor is Southern California. It is a household name in the market at almost 70 years old. No subcontracting allow them to run lean and efficient. Large list of name brand clients, more demand than they allow themselves to take on. For a new owner, growth is almost unlimited as there is more work from the existing clients that you could adsorb. However, if you care for a larger purchase see below. Growth & Expansion: S. CA is growing by leaps and bounds. Huge backlog already. More demand from existing clients if new buyer wants more. New Biden infrastructure money coming means strong growth. And there are easy add on's that can add even more growth.