Commercial Plus, LLC is pleased to present the potential acquisition of a premier residential design-build firm serving the Midwestern U.S. With a 30+ year reputation and a management team averaging over two decades of industry experience, the Company delivers award-winning architectural design and remodeling services across kitchens, baths, additions, basements, and exteriors.
In 2024, the Company completed ~160 projects generating $18.3M in revenue and $2.2M in EBITDA, with 2025E projected at $21.2M revenue and $2.6M+ EBITDA, reflecting a 12% revenue CAGR since 2022.
Ownership is pursuing a full sale of the business but remains open to a majority recapitalization. Please contact Commercial Plus to request additional information and materials.
KEY INVESTMENT HIGHLIGHTS
• Established Brand: Regional leader, consistently ranked as a top design-build firm
• Seasoned Team: 10+ in-house designers supported by an experienced management team
• Consistent Growth: Revenues projected to exceed $21M in 2025
• High-Value Mix: Average project size nearly doubled from $78K in 2022 to $142K in 2025 YTD
• Service Lines: Full-service residential design remodeling (kitchen, bathroom, exterior, etc.)
• Project Pipeline: Kitchens/baths (~50% of sales) balanced by additions, exteriors, and basements
INDUSTRY DRIVERS
• Aging Housing Stock: Homes built pre-2000 require upgrades, fueling remodeling demand
• High Homeowner Equity: A 57%+ rise in equity encourages investment in property improvements
• Shift Toward Larger Projects: Rising avg. project expenditure (+47% since 2011) supports growth
• Chicago MSA: 705K+ remodel projects completed in 2023, housing CPI above national avg.
FINANCIAL SNAPSHOT ($ MILLIONS)
• 2022: Revenue $15.1 | EBITDA $1.1
• 2023: Revenue $17.1 | EBITDA $1.9
• 2024: Revenue $18.3 | EBITDA $2.2
• 2025E: Revenue $21.2 | EBITDA $2.6+
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