This general construction firm has recently positioned itself for significant growth and began 2024 with a $45M backlog, the largest in the company’s history. It is projected based on new contracts gained in 2024 and the backlog that financials for 2024 will be $40M and an adjusted EBITDA of $3M. Roughly 65% of its revenue comes from commercial construction, while roughly 35% comes from government construction.

This firm is positioned for significant, continued growth because of a very recent management team expansion at multiple levels and a very recent geographic expansion. Recent new hires include: Director of Construction, South division; Project Executive, Senior Project Manager, Controller; Senior Site Super; and Director of New Business. As a result of these additions, the firm believes it can generate $50M in revenue annually.

The owner has a desire to stay involved in and stimulate the growth of the business and would like to scale the business to $100M in annual revenue over the next several years and realizes he needs outside help in order to do so in the timeframe projected. He is open to transitioning out of the business over the next 3-7 years.