$3.4MM EBITDA GovCon IT Services Opportunity

Clarksville, VA (Mecklenburg County)

$3.4MM EBITDA GovCon IT Services Opportunity
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $29,836,029

EBITDA: $3,402,177

FF&E: $521,431

Inventory: N/A

Established: 2005

$3.4MM EBITDA GovCon IT Services Opportunity

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Business Description

Strong Financials and Contract Backlog
- 2018 revenues of $29.8MM, EBITDA of $3.4MM
- $37.9 MM of forward-looking contract revenues secured through 2023

Diversified Services and Contract Mix
- Core capabilities include cloud, tech systems implementation and personnel training, with certifications including AWS and MZ Azure, among others
- Historical contract revenue divided between the Department of Veteran Affairs (32%), Department of Homeland Security (31%), Department of Defense (20%), Department of Transportation, General Services Administration, and the Small Business Administration, among others.
- 60% prime contracts

Motivated Seller
- 100% founder owned; motivated to explore strategic acquisition for personal life cycle considerations; open to merging with a like-structured competitor with younger management, and / or other creative deal alternatives

Detailed Information

Employees:
200
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Pros - Strong upfront intel pre-bidding - Proven BD processes - Right technical approach - Right pricing - Strong past performance / experience - Strong recruiting ability Cons - Increased government pricing pressure - Increased use of GWAC vehicles - Outgrown "small business" status
Reason for Selling:
Motivated to explore strategic acquisition for personal life cycle consideration
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Jay Turo

Business Listed By:
Jay Turo

Growthink, Inc.

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