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This second-generation contractor services commercial and industrial sectors in the Upper Midwest. The company has a strong operational infrastructure including a salaried general manager, in-house architectural services as well as in-house excavation, concrete, steel, and carpentry crews.
The company is a proven leader in its market with long established customers and an expansive portfolio of marquee projects. The company’s superintendents and general manager are leaders of a highly-experienced team. Superintendents demonstrate an ownership mindset and maintain standard operations in the owner’s absence. The company runs lean, employing minimal administrative staff and does not presently engage in marketing or outbound sales efforts. Management has made continual reinvestments in its business infrastructure, and takes great pride in owning all the equipment that it needs for nearly any size job. They have completed jobs up to $5M in size.
The equipment, office and shop facilities are in excellent condition with significant capacity for growth. The owner intends to retain the real estate and to negotiate a long-term lease with buyer.
This opportunity represents the culmination of a long-term exit strategy, and the first step toward retirement for the current owner. Recent investments in infrastructure include the hiring of a General Manager to oversee operations and facilitate a smooth transition of ownership. This is a proven, profitable business poised for significant growth, and provides a significant opportunity as a synergistic add on to expand geographic and market footprint.
Real Property Included
The organization has invested heavily in equipment and infrastructure and boasts tremendous capacity for growth. Buildings are in new or like new condition with heated floors in the maintenance shop.
A synergistic buyer or one with strategic vision will have all that they require to capitalize on the significant asset and talent industry to achieve substantial growth.
The economic outlook for new construction is strong, and much of this is being driven by corporate and governmental spending. This organization is a leader in steel building construction, and has a reputation for top quality, competitive bidding, and on time/on budget project management. This leaves it well positioned to capitalize on the growth of the industry.
The organization has a general manager, shop manager, and full complement of superintendents that will transition with the sale.
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