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

Mid-West Texas Residential & Commercial Plumbing & HVAC Company

  • Posted on
  • 10
Specifications
EBITDA$478,000
Revenue$4,274,000
Client CodeVEEN2147
EBITDA Range 250K-500K
Revenue Range 1M-5M
Sector Professional-Services-and-Consultancy
Region Southwest-US
Deal Structure Open
HeadquartersSan Angelo, TX
Description

The company is a full-service plumbing company and heating, ventilation, and air conditioning (HVAC) company. The company focuses on high-margin plumbing and HVAC maintenance operations, but also services commercial and governmental construction projects.

Key aspects
· Annual Revenues averaging over $4.7M since 2014
· More than 800 biannual maintenance contracts with residential and commercial customers
· Lennox International preferred dealer
· Operations spanning a 100 mile radius around San Angelo
· Services all HVAC makes and models
· Necessary equipment for complex plumbing operations
· 24-hour plumbing and HVAC emergency service

Opportunities
· Addition to portfolio of regional plumbing and HVAC businesses
· Investment to increase high-margin maintenance operations in the
Concho Valley region in order to capitalize on existing demand
· Increase the number of maintenance contracts the company currently
holds with public entities by expanding commercial operations
throughout the Concho Valley region

Headquartered
San Angelo, TX

Current markets
The company currently serves private residences, businesses, and local, county, state and federal government buildings within San Angelo, Texas, and the greater Concho Valley region.

Real estate
The company operates out of warehouse and office space located on a two-acre lot, owned by a related third party. The warehouse is approximately 12,250 sq. ft., and the property´s office occupies 6,000 sq. ft. The property also includes space for the company´s fleet of vehicles and equipment.

Shareholder/owner objectives
Four shareholders with equal current ownership. Two shareholders seek a strategic partner to help grow the business. A third shareholder is approaching retirement, and the fourth shareholder is exiting for health reasons. The four shareholders are open to various deal structures.

Year end
06/30/2018
Internal
$’000
12/31/2017
Tax Rtns
$’000
12/31/2016
Tax Rtns
$’000
12/31/2015
Tax Rtns
$’000
Revenue 4,274 4,529 4,693 4,763
Gross Profit 2,412 3,040 3,108 3,242
Adj. EBITDA* 478 257 278 401

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