Description

This well-known, full-service civil engineering company is located in the Baltimore, Maryland, metropolitan area. The firm enjoys significant operating margins and documented profitability in its regional client base. Its service suite includes high-value civil engineering, surveying, permitting, and other related services to private developers, institutions, builder chains, and architects. This business currently operates from a 6,000 sq. ft. leased office space.

The company enjoys a competitive advantage by relying on over 30 years of experience in both commercial and institutional clients, with a business model that delivers closely managed projects. The company can afford to be selective as to which projects it undertakes, focusing on those that require dedicated hands-on, experienced management.

It is projected that a new owner will obtain additional growth as the market for both private and institutional work continues to expand as the economy improves. The long downturn in construction was particularly damaging to many firms, and key competitors to the company were not able to remain in business. The company conservatively projects a revenue growth rate of 2 - 3% per year.

The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 2.9x SDCF (ttm). A full valuation report by a national valuation firm is included in the prospectus. There is $83k in current liabilities to be assumed and the deal includes $1,400k in current A/R and $100k in fixed assets. By implementing the proposed deal structure an owner-operator will obtain more than $290k benefit in after-acquisition-debt cash flow.

There will be a smooth transition period as the current partners are willing to remain with the company after the sale. A new owner/investor will find a company with an attractive ROI, and will be able to successively phase into the business by assuming the role of the retiring partners, if so desired. A well-trained and highly qualified support team will stay in place to assist the new owner in all aspects of the business.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Posted Oct 14, 2016

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