Provider Of Commercial Waterfront Structure And Marine Construction

NC

Provider Of Commercial Waterfront Structure And Marine Construction
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $6,468,000

EBITDA: $2,453,000

FF&E: N/A

Inventory: N/A

Established: N/A

Provider Of Commercial Waterfront Structure And Marine Construction

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Business Description

The company is a leading provider of commercial waterfront structure and marine construction services in the Southeastern United States. The company specializes in marine construction enabling it to keep abreast of the technological developments and regulatory issues specific to wetlands and coastal areas.

Key aspects
· 32.5% average gross profit margins over the last three years
· 31.8% average adjusted EBITDA margins over the last three years
· $10.5M in secured backlog as of June 30, 2018
· Performs 100% commercial government contracts specializing in municipal (60%), state (30%), and federal (10%) projects
· Awarded an IDIQ (Indefinite delivery indefinite quantity) contract
· Over 125 acres of available land owned through related entities
· Knowledgeable, experienced, and goal-driven personnel who
successfully solve difficult strategic and logistical issues on a wide
· Extensive fleet of state-of-the-art and well-maintained construction equipment
· Multiple locations where equipment and materials are stored
· Holds multiple licenses including contractors, heavy highway, and unlimited heavy highway

Opportunities
· Use of the industrial waterfront property, owned by a related entity, to launch operations to service up and down the intercoastal waterway
· Pursue residential projects
· Expand geographic reach to increase market share and acquire additional customers

Current markets
The company serves municipal (60%), state (30%), and federal (10%) clients in the Southeastern United States.

Real estate
The company is headquartered in North Carolina. In addition, the company has a Virginia office. The company also has various locations where it stores its equipment, materials, and workshop. Aside from the Virginia office, all locations are included in the sale.

Shareholder/owner objectives
The company is owned by a single owner looking to pursue other personal interests. The owner feels the company is in a position where new ownership can take advantage of the growth opportunities in the industry. The owner is willing to stay on for a transition period to help grow the business.

Attached Documents


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Leo Vanderschuur

Business Listed By:
Leo Vanderschuur

Benchmark International

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Sponsoring Broker:
Emily Cogley

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