Civil Highway Construction and Engineering Firm for sale




The owner is selling due to permanent retirement. The business was started over 20 years ago after the owner identified a need for a specialty contractor in the heavy civil engineering space.  Due to the excellent relationships built with general contractors and industry growth, there is a two-year backlog of work – valued at about $18MM in 3/2023.  The current staff is fully trained and able to sustain the current workload and take the business to the next level.  The Company operates out of one location that includes administrative space and maintenance yards.
This business operates out of one location. Owner-owned and leased to the business.  Office Building, Storage Building, and Maintenance Building with Storage Yard and improvements are leased at a very reasonable rate. The owner is willing to structure a favorable long-term lease for the new owner or sell the RE with the business as a package deal. RE is valued at $1.5MM.
Equipment/Inventory/Vehicles:   Included with the sale is equipment valued at around $8.0MM using normal Orderly Liquidation at Fair Market Value
Reason For Sale:Retirement
Potential Growth:The current owner has built a successful business positioned to be scaled.  Growth opportunity exists through geographical expansion and additional headcount to take on new contracts.  Industry projections estimate for FY 2022-2026 $76.18BB in appropriations over 11 states.  This comes with long-term funding certainty.  Growth opportunity exists with further development of technical solutions for existing customers.  Industry growth projections indicate an increase of 8% over the last three months with backlog projections of up to 10% over 2022.  With an EBITDA of 18% and net profit margins in excess of 20% for the last seven-plus years, the Company is able to capitalize on the growth of the industry.

Financing/Terms:This is a stock sale – due to the nature of the GC contracts, State Bonding, and Work approval levels across 10 states.

Leave a Reply

Your email address will not be published. Required fields are marked *