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

Value-Added Supplier of Steel and Concrete Materials

  • Posted on
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Specifications
EBITDA$1,632,000
Revenue$17,025,000
Client CodeMAN1937
EBITDA Range 1.5M-2.5M
Revenue Range 10M-25M
Sector Professional-Services-and-Consultancy
Region Southwest-US,Southwest-US
Deal Structure Full-Sale
HeadquartersSouth Texas
Description

The company is a full service reinforcing steel, structural steel and concrete related product supplier. The company is a value added supplier of stock rebar, structural steel, cut-to-length rebar and structural steel, fabricated rebar and structural steel, concrete tools, accessories, and related services to the construction markets. The company’s business model positions it to be a one-stop supplier for customers, providing the best products and services at competitive prices.

Key aspects
· Outstanding reputation within industry
· Strong and loyal customer base
· Well trained and professional workforce
· Product diversity
· Geographically diverse customer base with long-term relationships
· Ability to fabricate reinforcing and structural steel in-house
· 60% repeat business rate
· Recently added a Corpus Christi location with great growth opportunities

Opportunities
· Expand regional sales and market share in the San Antonio and Austin markets
· Improve marketing strategy by creating additional marketing tools to get name and capabilities out
· Start rebar fabrication in South Texas location and miscellaneous structural steel fabrication in South East Texas location to increase market share
· Increase sales opportunities in structural steel fabrication sales
· Improve estimating capabilities to allow for increase in bidding efficiency and effectiveness

Headquartered
South Texas

Current markets
The company currently serves general contractors and concrete subcontractors in Louisiana, South Texas and surrounding areas that include Victoria, Houston, Corpus Christi, San Antonio, and Austin, Texas.

Real estate
The company has three facilities; two of which are owned by the business. One of the facilities sits on four acres and is 53,000 square feet in size, another facility sits on 2.2 acres and contains 15,000 square feet. The last facility which is owned by an unrelated party sits on 10 acres and is 80,000 square feet.

Shareholder/owner objectives
Both owners are seeking retirement and are looking for a full sale of the business. There are currently other key employees who could take over operations if management decides to leave immediately after the sale; however, both owners are willing to remain on-board for a transitionary period of one-two years after the sale.

Year End
12/31/2018
Forcasted
$’000
12/31/2017
Tax Rtns
$’000
12/31/2016
Tax Rtns
$’000
12/31/2015
Tax Rtns
$’000
12/31/2014
Tax Rtns
$’000
Revenue 17,025 13,883 16,491 14,157 12,483
Gross Profit 3,386 1,782 2,213 1,912 1,923
Adj. EBITDA* 1,632 870 1,392 1,298 1,578

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