• Landline:512-347-2000
  • Email:vinals@benchmarkcorporate.com

Austin, Texas-Based Electrical Contractor

  • Posted on
  • 20
Specifications
EBITDA$654,000
Revenue$5,215,000
Client CodeBUI1940
EBITDA Range 500K-750K
Revenue Range 5M-10M
Sector Building-and-Construction
Region Southwest-US
Deal Structure Open
HeadquartersAustin, TX
Description

An electrical contractor that provides turnkey hardwire installation services to custom and production tract-home builders.

Key aspects
· Strong long-term relationships
· Top four largest residential electrical contractors in the Austin, Texas area, per client
· Completed over 10,000 wiring projects since inception
· Excellent reputation in the industry
· Multiple offices in central Texas to better serve customers in smaller cities near headquarters
· Proprietary custom bid estimating software program

Opportunities
· Continue growth into other large cities
· Expand services to include multi-family residence projects
· Diversify service offerings to include security, service, maintenance and lighting packages
· Expand customer base to include homeowners
· Hire additional support to increase project capacity

Headquartered
Austin, Texas

Current markets
The company serves production tract and custom homebuilders in the greater Austin, Texas area. This includes Leander, San Marcos, Bastrop, and Marble Falls, Texas.

Real estate
The Company owns a 10,000 square foot facility in Dripping Springs, Texas. An unrelated third-party tenant will lease 1,675 square feet that started on August 1st, 2018. The Company will use the remaining 8,325 square feet for their operations. The company also leases a second facility used as a satellite office for business in North Austin from an unrelated third party.

Shareholder/owner objectives
· Ownership will consider exploring different deal structures.
· One owner would like to remain with the business after the sale for a transition period of up to three years. The other owner can leave immediately after the sale and would not need to be replaced.

Year end
12/31/2018
Internal
$’000
12/31/2017
Tax Rtns
$’000
12/31/2016
Tax Rtns
$’000
12/31/2015
Tax Rtns
$’000
Revenue 5,215 4,846 4,704 4,023
Gross Profit 1,861 1,601 1,644 1,336
Adj. EBITDA* 654 494 658 524

* Profit before interest, tax, depreciation and amortization (non-cash items)[/cs_table]