$2.8M EBITDA-Provider of essential locating services for utility

North East

$2.8M EBITDA-Provider of essential locating services for utility
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $8,600,000

EBITDA: $2,800,000

FF&E: N/A

Inventory: N/A

Established: N/A

$2.8M EBITDA-Provider of essential locating services for utility

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Business Description

$2.8M EBITDA-Provider of essential locating services for utility and commercial customers

The Company provides critical services that enable excavators to understand the location of underground utility pipes and cables in the area of the proposed work site. This knowledge helps protect excavators and the public from harm and the facilities from damage. The Company uses state-of-the-art equipment to perform its safety-related services for utilities and private sector customers. As barriers to entry are significant in this industry and in its service area, the Company faces very little competition. The Company sets itself apart from its few competitors by providing clients with consistently superior service and 24/7 responsiveness.

Management believes 2019 will be another record-setting year in revenue totaling approximately $8.6 million based on awarded contracts, continued outsourcing of its service capabilities by potential clients, and growing demand due to robust construction and upgrades. Adjusted EBITDA for 2019 is expected total $2.8 million, which represents a slight increase year-over-year as a result of additional revenue driven by new contract work, growth in the number of ticket generations in gas and electric, and growth from fiber optic installations.

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Matt Mahan

Business Listed By:
Lynne Oldale

Woodbridge Group, LLC

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