Sourcing & Location of Materials for Municipal Road Work
Recession Resistant Material Supplier and Procurement with 3 Years of Growth!
This business sources materials from national manufacturers & vendors, processes submittals for review & approval, releases materials & schedule delivery, and processes & tracks billings in a timely manner. They are a bulk material supplier & procurement company that provides services for municipal job sites where Prime Contractors are performing utility and bridge installations, including ductile/concrete pipe, precast storm drainage & utility structures, cast iron manholes, and inlet frames/covers. The team includes 1 VP, 1 Controller, 1 Estimator, and 2 Administrative Specialists. With the thought of a “recession” looming, this company will be growing, as the newly passed Infrastructure Bill will directly impact this company’s revenue and shield them from economic downfall. There have been three years of growth in revenue, going from $17 Million in 2020 to $23 Million in 2022! There is over $4.5M in contract receivables, which a buyer would take over on day of close. As a show of good faith and vested interest in the ongoing success of the company, the current owner is willing to roll equity and hold a promissory note for up to 20% of the total price. He is also happy to stay on board for 1-2 years post close to ensure a smooth transition.
After building this business and operating in this industry for 20 years, the current owner is ready for a change of pace and is interested in exploring the next chapter of his life. New ownership can expect to step into a stable investment with three locations, including a primary location in Delaware and satellite locations in Georgia and Florida.
Priced at $4,700,000 this business has an established business operation with over $1.1M in assets and enough stability for a new owner to step in and continue operating the business as is. This opportunity also affords new owners enough flexibility to change things up and try out some new growth routes.
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Omaha, NE 68114
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