Commercial HVAC Company Serving Government & Education Markets

This respected Commercial HVAC Company has experienced rapid growth and strong profitability in its over fifteen years in business. It includes two business units operating in the same market with similar products and services, and enjoys strong relationships with niche clients for sale and installation of commercial HVAC units. The Company specializes in non-union prevailing wage projects, namely government and educational institutions including K-12 schools and colleges and universities.

The Company typically has fewer than ten active projects at any given time, and has built a backlog of future contracted projects that exceeds two years of revenue. This steady revenue and the large available market provides a prospective buyer reliable future growth, and suggests the company has cultivated strong relationships with local specifiers and clients. Approximately fifty percent of the company’s projects are new construction while the other fifty percent are refurbishment projects in existing buildings. The average project brings $8-$10MM in revenue along with strong profitability.

The Company operates in two different facilities. The first property is an owned office space that serves as the Company headquarters, and includes five vacant rental tenant suites. The second property is 7,500 square feet of leased warehouse space used for storage. The office building is available for sale and the warehouse lease can be assumed.

One of the Company’s strongest assets is its team. The team has built strong ties with its clients based on quality work and responsiveness. These relationships are likely to transfer to the new ownership group following the sale of the Company.

This investment could be attractive to a strategic buyer looking to enter this niche market or to expand its products, services or geography. It could also be attractive to a financial buyer as a platform or add-on investment.