Established Electrical Contracting Firm

Business Overview:

This very profitable electrical contracting company offers a wide variety of services, including electrical, mechanical, industrial, and engineering services. Its commitment to customer satisfaction and a wide array of services allows the company to win more jobs and complete a larger share of bids won at attractive margins. It has experienced rapid growth and continues to improve operations making this a very profitable company. The company has a strong, committed management team in place that allows it to operate largely independently of the current owner.

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Property Features and Assets:

The company operates from two facilities, each having a combination of high bay warehouse and office space. It has both loading docks and drive-in doors which is great for the company’s current application. The buildings fit the company’s current needs perfectly with plenty of room for expansion. One building has solar panels on the roof and two electric vehicle charging stations outside, which serve as great educational tools for customers.

Market Competition and Expansion:

Companies in this industry install and maintain electrical wiring and equipment. Major companies include Bergelectric, EMCOR, IES Holdings, MYR Group, and Rosendin Electric (all based in the US). Electrical contractors worldwide depend on construction activity as well as demand for renovation. The global volume of construction is forecast to grow by 85% to $15.5 trillion by 2030, according to a report by Global Construction Perspectives and Oxford Economics sponsored by PwC. The largest construction markets -- the US, India, and China -- are expected to account for 57% of global growth. As per Research and Markets' report, the APAC is anticipated to remain the largest construction market through 2023, driven by the growing urbanization and increase in expenditures on infrastructures and affordable housing projects. The US electrical contracting industry includes more than 70,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of more than $170 billion.

Reason for Selling:

The seller wants to pursue other business interest

Additional Details:

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