DOES ANYONE HAVE EXPERIENCE IN DAMAGE REPAIR / SPECIALTY CONSTRUCTION?
Hope that you are staying safe given everything that's going on with COVID.
Does anyone have experience with damage repair or specialty construction companies? I'm in talks with a seller - we have built a great rapport, and from what I can tell, the books and processes within the business are very clean (i.e., no silly addbacks, gets all change orders signed by customers). Would love to pick the brain of someone who's gone down the path before, particularly on:
- How to size working capital. He's built a massive cash cushion, so I'm trying to figure out how much working capital the business needs
- Common gotchas in this industry to look for before and during diligence
- Wisdom on what it's like for someone with a white collar background to manage and operate a construction/contractor business