Description

Operating in two states within the Southeastern United States, Company provides energy assessment and efficiency solutions to residential and commercial customers. Solutions include improvements in lighting, air sealing, duct sealing, insulation, compressed air, HVAC, and in renewable energy.

A large part of the revenue, and ultimately a main component of value for Company, comes through the awarding of allotments from large investor-owned utility companies. These utilities are incentivized to invest in lowering customer energy consumption. These utilities award and compensate Company to improve the energy efficiency of utility clients. Although the allotments are generally guaranteed year by year, through its high quality of work Company has secured a steady increase of allotments by utility companies and has rapidly increasing the total number of utilities that award it allotments. This stream of allotments allows Company to expand upon its utility revenue into other fee based services offered by the company.

Company is seeking an investor to provide capital for expansion into new markets, to infuse capital for current growth, to allow an original investor to exit, and to provide a stable and orderly expansion.

Highlights of the opportunity:  A strong and growing quasi recurring revenue model based on utility awarded allotments.  A founder who is very passionate about the industry is willing to stay on and possibly roll equity.  Allotments are expected to grow in the coming years through both new utilities and expanding total allotments earned by current utilities.  High barriers to entry due to the allotment process.  The current employee teams are booked out for months, and capital is needed to keep up with new business.  The investments made in personnel, equipment, brand, and market penetration will pay off in the near term.  Ownership expects 2016 revenue to exceed $4,300,000, a year of year increase of over 50%.

Posted Oct 17, 2016

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