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The Company designs and installs both industrial and domestic structural electrical protection, specialised systems, installation of protection to main and sub-distribution boards, data and computers.
The business was started by the owner more than 40 years ago and he has built it in a substantial business, with 10 offices around the country and more than 130 employees. They are contractors to PWD, Armscor, Eskom, Metrorail, Spoornet, all Mining Houses, Telkom and many more private firms and consulting engineers, architects and contractors.
All installations are done in strict accordance with SANS Code of 10313 (2012) in conjunction with SANS and IEC 62305-1-2-3-4 : 2010.
The business derives revenues from tender projects, repeat clients and maintenance of installed systems.
They recently opened an additional branch to cater for increased demand, and started a division that imports and distributes on a wholesale basis specialised electrical protection equipment from Germany.
The owner wishes to plan for his retirement in the next few years, and as such wish to sell a substantial majority shareholding in the business, but is willing to remain on for a maximum of 5 years during which he undertakes to deliver the purchase price in EBITDA.
The business owns all the buildings they operate from, and this can be purchased in a seperate transaction, or rented from the owner.
The business purchase price is R 50m and EBITDA is R 11m.
Please contact the listing broker for more information.
The business have offices in Gauteng, Lephalale, Witbank, Rustenburg, Bloemfontein, Durban, Cape Town, Namubia and Botswana.
All premises are owned by a property company alsoowned by the owner,.
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