INFRASTRUCTURE SERVICES DEAL IN GOOD GEO, ~$2.0M EQUITY LEFT
Hi All -
Am looking at a deal under LOI via a friend with specs as follows. Email me at [redacted] if you are interested in learning more and participating and I will introduce you.
- $3.5M equity check. $2.2M left. I will likely invest.
- Searcher has to make a $200k down payment on 5/7 to keep exclusivity (time sensitive)
- Civil construction and infrastructure company providing water pipe, sewer, and street reconstruction projects for residential and municipal clients in good Rockies geography
- Benefits from increase in infrastructure spend and a low interest rate environment
- In 2020, the company generated $18.4M in revenues and $2.0M in EBITDA with $9.1M in assets.
- In 2021, the company is on track to generate $23.2M in revenues and $2.6M in EBITDA.
- The purchase price is for $10.5M with $5.0M in debt financing, seller financing of 2.75M, and $3.48M in Equity.
- Searcher is signing personal guarantees on bank debt and seller financing.