This Company is a leading provider of turnkey wet utility infrastructure in residential home community developments. The Company constructs sanitary sewers, storm sewers, potable waterlines, irrigation waterlines and concrete structures associated with storm sewers. It has a strong industry niche position, 100 highly experienced management and staff, exceptional relationships with customers and suppliers, a small blue chip client base providing repeat business year after year, positive growth outlook and very strong historical EBITDA.
The Company works with and for a carefully chosen number of leading residential community developers in a market with much available vacant land offering opportunities for continued growth. Its strengths include experienced management and staff with a personal approach to customers, long-time retention of highly trained employees, project teams and processes that meet and exceed customer time and cost requirements, and the highest quality workmanship and finished products. The Company has had continual growth until 2020 when the pandemic hit and again until early 2023 when macroeconomic conditions caused the cancellation or postponement of development projects. As of August 2023, projects are resuming, new project bidding is up and the Company has a contracted backlog of $35 million in work not yet started. The owner wishes to retire but will remain for a negotiated period and role. Management and staff expect to remain with the Company.
2022 & 2021 – Compiled