Utility Installation and Highway Excavation with $16M in Assets
Civil Firm Focused on Roads with $33M in Backlog
The current owner performs general oversight as a preference, as he is in his mid-80’s. His passion for the job is clearly contagious, as he has multiple personnel that have been employed for 10+ years, but he’s decided it’s time to retire. Established over 50 years ago, the longevity of this business has resulted in an excellent reputation for high-quality work, completed on time, every time. This long-standing esteem coupled with $33M of work in progress and new bids in the pipeline is manifesting in a projected revenue of $28M for 2022.
Priced to sell at $21,000,000, this excavation company has it all with repeat clientele, profitable contracts, and excellent name recognition. Not to mention the nearly over-collateralization of purchase with just under $20M in included assets. The services this business offers are deemed essential and the industry as a whole is pandemic proof. In addition to this stability, new ownership is also poised to benefit from the increase in business and revenue brought on by the 2021 infrastructure bill which is providing natural growth in the construction industry. As an added layer of faith in the business, not only is the current owner prepared to collect less income from the sale of the business rather than the sale of equipment to keep the business running and the employees working, he is also offering to finance or equity roll 15% of the purchase! We believe that this shows extremely good faith in the future success of the business and mitigates risk to the next owner. There has never been a better time to get into the construction business and, given all of the positive points listed above, this excavation company is ready to capitalize on these incredible opportunities!
Offer Price: $
% Buyer Cash Down at Closing: $
% Seller Carry Back via Promissory Note: $
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Total Undercollateralized Loan: $
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Omaha, NE 68114
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