Commercial HVAC & Electrical Contractor with 50 Year Track Record
Listing: #PAE00323Gary Varney, CPA, CMA (Inactive)
Broker | Pennsylvania East
About this Business for sale in Mid-Atlantic States
Commercial HVAC & Electrical Contractor with 50 Year Track RecordThis Company has experienced continued revenue and margin growth throughout the past fifty years in business. It specializes in niche installations and service within the electrical, heating, and air conditioning sectors. The Company's service territory is typically within a ninety-minute radius of its headquarters.
The Company primarily provides HVAC and Electrical services on new construction or refurbishment projects with some occasional plumbing and service work. Each project is completed through a highly skilled and trained employee base. Each employee holds between five and forty years of experience within the field, many of whom hold Master Electrician and Heating Contractor licenses.
The majority of the Company’s work is within the public sector, specifically projects within schools, military facilities, firehalls, VA hospitals, warehouses, and municipal buildings. Throughout the Company’s multi-decade history, it has built a reputable brand name enabling the Company to continually attract new clients and expand its customer base. The Company currently operates at an adjusted EBITDA margin of 6.8% yet expects to reach a margin over 8.0% by the 2025 fiscal year due to streamlined work processes and previous investments. Throughout the COVID19 pandemic, the Company increased earnings by 33% compared to the 2019 fiscal year prior. During the current 2022 fiscal year, the Company projects earnings to grow by nearly 34% compared to 2021.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.