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News & Events
New Listing Announcement - Specialty Commercial Sitewall Construction
Jeff Snell | 03/22/2023
Thanks for joining me for another edition of ENLIGN Advisors featured businesses for sale.
In this edition we are presenting a self-performing specialty commercial sitewall construction firm, headquartered in Central North Carolina.
Our internal listing ID for this premium business acquisition opportunity is BUILD 4.
This business is well positioned for continued growth with its 20 years of maximizing commercial building
envelopes with their 100% in-house design-build and engineering team.
The company has regional capabilities, but has chosen to focus on North Carolina commercial clients.
With almost 80 team members, this companies top-line revenues in 2022 exceeded $25,000,000 with virtually all being from repeat clients.
The owners are selling to pursue other business interests, however a longer-term transition period may be possible.
Next, lets summarize this businesses Key Performance Indicators.
In 2022 the business generated 25.6 million dollars of gross revenue producing 7.6 million dollars of
EBITDA or more than $630,000 profit per month.
This imputes an impressive 29% net EBITDA margin.
The businesses current backlog is approximately 12 million dollars.
The asking price is 40,000,000 dollars which equates to a 5.3 EBITDA multiple.
The sellers preferred transaction structure would be a stock sale with 4 times EBITDA paid at closing
with 1.3 times EBITDA paid over 5 years which would be contingent upon a non-slippage clause of maintaining
a minimum of $23.9 million of annual gross sales.
This roughly equates to 30 million dollars cash at closing with 10 million dollars over 5 years contingent upon performance.
Now let's feature a quote from one of the most prolific and successful businessmen of our time.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Thank you for joining me for ENLIGN's executive summary for this commercial sitewall construction firm.
For more details visit our website.
To receive confidential listing information be sure to complete the NDA link located at the top right of the listing detail webpage.
We look forward to working with you on this exciting business acquisition opportunity.