Equity Opportunity – Madison, WI Home Services Acquisition ($869K AEBITDA, Landscape)
December 04, 2025
by a searcher from University of Pennsylvania - The Wharton School in New York, NY, USA
NDA: http://bit.ly/4oA1CPh
Investment Highlights:
- Projected Returns: 38.5% IRR | 3.56× MOIC | 10% Pref. Return | 2.0x Step Up
- Purchase Price: $3.53M (4.06× LTM Adj. EBITDA of $869K)
- Financing Structure: $2.7M SBA 7(a) + $530K seller financing (two notes — 10-year and 2-year standbys) + $177K sponsor equity + $803 equity gap
- Current State: Equity Financing; Debt Underwriting; Definitive Legal Documentation
- Sponsor Role Post Close: Two full-time operators on-site in Madison (WI); CEO and advisory team have deep local ties
Business Highlights:
- Low customer concentration: #1: 6.5%, Top 3: 13.98%
- Strong Repeat Client Base: 42% Residential, 73% Commercial, 80% Contractors
- Scalable Ops: Lean model with trusted seasonal crews
- Sustained Stable Growth: Revenue CAGR of ~5% over 3-yr period
- Nearly 40 years of operational history and an outstanding reputation (A+ BBB)
- No direct outbound sales efforts or consistent marketing to date
- Current Site Operations Manager has GM potential
- Significant unmet demand for the establishment of a recurring maintenance business and expanding snow removal offerings
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from University of Pennsylvania in New York, NY, USA