Price: nan
Revenue: $45,249,000
Ebitda: $4,130,000
Description:
The company provides full-service commercial and residential roofing services in the southeast market. The company has over 25 years of experience in the roofing industry
Key Aspects:
Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 12.8% and 32.1%, respectively, from 2021 through the trailing-twelve-month (TTM) ending June 30, 2023
Estimated backlog of $20 million as of June 30, 2023
Management notes that 75% of revenue comes from repeat clients
The two operating facilities are strategically placed to cover the company’s primary servicing regions
Developed an in-house mobile application software that enables field reporting in real time
Well-established and published as one of the premier roofing subcontractors in the southeast
Financial Note: According to management, there is a minimum amount of approximately $200,000 of intercompany revenue and associated costs recorded in the financial statements presented throughout the CIM; additional adjustments to revenues and costs may be required.
Opportunities:
Expand the service area to new geographies
Bolster the company’s service capacity and continue to diversify service offerings
Pursue additional commercial opportunities within the company’s existing operational footprint
Headquartered:
Southeast US
Current Markets:
The company serves customers through its two locations with an emphasis on residential and commercial-related roofing projects
Real Estate:
The company operates from two locations totaling approximately 16,000 sq. ft.
Both locations encompass office and warehouse space and are rented from unaffiliated third parties
Shareholder Ownership:
The company is owned by three shareholders all of which are involved in day-to-day operations and are willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership
Link to deal: here