Acquisight is pleased to present a rare acquisition opportunity in the specialty marine construction sector. The Company is an established marine and waterfront construction firm headquartered in the Charleston, South Carolina metropolitan area, with over 18 years of continuous operation delivering complex marine projects across the SC Lowcountry.
With trailing annual revenue approaching $13 million and projecting $16mm for 26, and gross margins in the 24-26% range, the Company has demonstrated consistent profitability executing large-scale marine projects. The business is supported by an owned fleet of marine and heavy construction equipment valued at over $2.7 million (gross book value), representing a significant competitive moat.
Services include dock and pier construction and repair, bulkhead and seawall installation, dredging and marine excavation, pile driving (timber, concrete, and steel), and barge-based heavy civil construction. Major equipment includes cranes (Mantis 15010), sectional barges, tugboats, excavators, and pile-driving equipment.
The Charleston market presents a highly favorable backdrop, ranking among the fastest-growing metros in the Southeast. The Company holds established relationships with permitting agencies (USACE, OCRM, DHEC), bonding companies, and suppliers built over 18+ years.
Significant owner add-backs exist that meaningfully increase adjusted earnings. The owner is prepared to support a smooth transition. Detailed financials and adjusted earnings are available under NDA. Contact Acquisight to request a Non-Disclosure Agreement.
Ad#:2497722
