TEASER in Attached Documents (includes NDA link).
Profitable, debt-free mechanical contractor with nearly 20 years of operating history, strong margins, and a loyal recurring client base across hydronics, HVAC, and plumbing. FY2024 delivered ~$4.0M revenue and ~$1.0M normalized EBITDA with consistent 25–26% margins. A temporary client-driven delay reduced FY2025 volume, but FY2026 is forecast to rebound to ~$3.8M revenue and ~$1.0M EBITDA, supported by a confirmed backlog exceeding $1.5M.
The company operates with minimal overhead, no long-term debt, and low capex requirements, resulting in excellent cash conversion and stable free cash flow. Growth has been entirely organic with zero marketing spend. Strategic upside includes adding service & maintenance programs, re-entering refrigeration and gas fitting, expanding into duct cleaning and sheet metal, and modest manpower additions to increase capacity.
Clients include a 13-year industrial relationship and multiple commercial and residential contractors, generating steady, repeat work without competitive bidding. The team is long-tenured, skilled, and capable of supporting a smooth transition.
Transaction guidance includes a share sale with potential 10–15% vendor financing, valuation >3× trailing 3-year normalized EBITDA (~$2.5M EV), LOI targeted for Q1 2026, and closing in Q2 2026. Ideal acquisition for an entrepreneur, investor, or consolidator seeking a high-margin, low-overhead platform in Alberta’s mechanical contracting market.
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