Founded decades ago, the Company is a multi-disciplinary consulting and engineering firm providing environmental, health and safety, geotechnical and remediation services. Their expertise is utilized by industrial manufacturers, commercial clients, financial institutions, insurance companies, real estate developers, law firms, and construction companies throughout the country with a concentration in the Midwest.
Ownership has set the Company up to largely run independent of their day-to-day oversight. Despite this, the owners have decided they would like to fully retire and believe their Company would be better-suited if integrated into a larger organization that could offer the existing staff more opportunity to grow. The owners are willing to assist the new owner as needed in a reasonable transition period. They believe the way the business was set up will lend itself to operating well without them.
The owners have put into place systems, policies, and procedures so the business is capable of running without significant operational oversight. The Company operated for almost a decade with very limited involvement from the owners. The Company is well-known and respected for the technical expertise it houses and quality of services it provides. The Company maintains master service agreements with a variety of customers, which makes it faster and easier to start new projects. The Company provides a portfolio of consulting and field services which is broader than most would-be competitors.
With more active management and supervision, the Company could have been more consistently profitable over the years. Ownership tolerated fluctuating financial performance, and a certain implicit level of inefficiency and management spendthrift, for a truly passive ownership position. Additionally, communication and responsiveness can be improved with more hands-on ownership. Ownership believes that acquiring smaller environmental companies would be an excellent way to grow sales and expertise, consolidate administrative functions, grow profits and overall expand its scalable model. This is the strategy present ownership would explore if they desired to be involved in the Company longer-term. There are numerous candidates for such acquisition and growth.
Asking Price Between $1,000,000 and $2,500,000
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