Project Cascade is a licensed, non-union electrical contractor headquartered in the Tri-Cities region. Founded in 2009, the Company services municipal, education, healthcare and institutional clients. It offers transferable licenses, a certified workforce and stable operations - ideal for a buyer looking for fast access to major projects with upside opportunities in data centers and EV/solar work.
The Company has completed large projects for schools, manufacturing facilities, municipal buildings and transportation hubs. Current services include full-scope electrical construction (pre-construction to closeout), service/maintenance, retrofits and low-voltage installations. The owners wish to transition out of day-to-day operations. There is an expert, non-union workforce willing to stay on and reputation for disciplined project management and on-time delivery to leverage. The Company operates out of a modern, 5k sq ft facility.
Highlights
- Strong recent financials. $5.4m TTM Revenue, $1m+ in Adj EBITDA.
- Excellent team ready to step into leadership/relationship roles
- Long-tenure relationships with GCs to anchor off; new bids and active relationships increasing in 2025
- Significant K-12 and higher ed penetration with a deep addressable market and massive demand
- Eligible for all WA state and federal projects; transferrable licenses in place
Customer Profile
- Mix of prominent regional and state general contractors; several active, new relationships
- Geographic concentration in Tri-Cities region
- End clients are typically public sector and institutional with select private sector work
Growth Potential
- Scalable revenue opportunities in high-margin, markets of the future -- data centers, EV charging
- Significant funded infrastructure opportunities in the region plus opportunity in adjacent regions
- Expand dedicated service/maintenance opportunities
Strategic Fit
- Public works platform or add-on
- Electrical contractor looking to acquire a business in a growing region
- Regional expansion into areas with major hot-button opportunities
- Strategic acquirers in GC, education constructions, facilities management or energy infrastructure
In conclusion, Project Cascade is a profitable electrical contractor with a proven track record, strong relationships and ambitious team with meaningful upside in some of the most important sectors of the 21st century economy.
Ad#:2439651
