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GOTTESMAN COMPANY &  Cooperating Intermediaries Seller Profile

United States, Canada & Europe Since 1985

America’s International Network of M&A Business Brokers

Acquisition Opportunity

S-2942-1 JPN

EXCAVATING, HEAVY CIVIL AND UNDERGROUND UTILITY COMPANY SPECIALIZING IN RENEWABLE ENERGY & POWER SECTOR

Business Description:  Serving the Western United States, including Alaska, and Hawaii, the Company is growing rapidly and is well diversified in both the private and public sectors, while establishing itself as a dominant player in the fast-expanding, Renewable Energy Sector and is active in the power industry, public works and site-civil residential work. This well-established business has high year-over-year growth and is an approved supplier to key government agencies, with nearly $200 million in pending contracts. Current opportunities include large joint venture projects and increasing demand for wind farms. Significant tail winds will spur continuing growth: Increasing demand for renewable energy points to decades of tremendous growth. The FAST Act increased federal funding for highway infrastructure by 5.1% in 2016 with continued annual increases of 2 to 5% through 2020, and power spending in 2017 will increase for a 6th consecutive year with ~$100 billion in spending.

Distribution: The Company secures business primarily through competitive bidding, but its reputation and performance provides a unique competitive advantage leading to repeat business. Another source of business is its status as preferred vendor for a power marketer. A planned joint venture of $34 million will start in 2017, and a $140 million wind farm project is also possible.

Operational Strengths: The Company’s significant growth is based on multiple factors, including diversification in the public and private sectors, and its competitive advantage as i) a government approved supplier and ii) registration as a preferred vendor for a large federal power marketer. A growing segment of its business comes from the renewable energy sector, and is also strong in the power industry, public works market and some site-civil residential work. The Company’s stellar reputation for quality and integrity creates demand for its services, and earns a premium when it bids on new projects. Because it excels in its value engineering efforts, the Company is able to win bids at premium rates, and has earned a reputation for a commitment to cost savings throughout a project’s life cycle without sacrificing quality. The Company is non-union.

The Transaction: The owner seeks to sell 100% of the business and will be available to assist in a smooth transition to the new owner. Real estate is available for purchase or lease.

Financial Summary

  2017 Est by Seller 2016 2015
Revenue $18.9 mil $25.4 mil $14.4 mil
Adjusted EBITDA $4.6 mil $2.3 mil $1.1 mil

Other Highlights

Location Financials Management Team in Place Years in Business SIC Classification
Western US Reviewed Yes 7 1611, 1623, 1629, 1794

Direct All Inquiries to:
Gottesman Company
Refer to: S-2942-1 JPN
Tel: 212-330-8010  Fax: 646-434-4557
E-mail: office@gottesman-company.com

7/24/17   

Gottesman Company – 200 East 71st Street – New York, NY 10021 www.Gottesman-Company.com

This document is confidential and contains proprietary information belonging to Gottesman Company. It is unlawful to reproduce or distribute without express written consent of Gottesman Company. No warranties or representations are made in connection with the information provided herein. Gottesman Company is an M&A Business Broker, whose mission is to locate opportunities and introduce participants.