Leading Mountain West Horizontal Drilling Company

We are representing a leading underground utility services company focused on serving the telecom industry. The Company generated $2.8M of Adjusted EBITDA on $10.8M of revenue in 2024; and is on track to generate $3M of Adjusted EBITDA in###-###-#### As such, the Company is well-positioned for continued growth and is seeking a majority recapitalization or 100% acquisition. Overview > Leading provider of underground utility services focused on horizontal drilling with a strong base of long-term clients, specializing in efficient, short-duration projects (not related to oil and gas). > Non-union market leader experienced in serving major telecom providers with underground construction services across the Mountain West region. > The Company's full-service underground utilities expertise, from engineering to restoration, positions it strongly for expansion into gas, electric, water, and sewer utilities work. Investment Highlights > Achieved $2.8M in Adjusted EBITDA on $10.8M in revenue in 2024. > Maintained strong Adjusted EBITDA margins, averaging 26.3% from 2021 to 2024. > Grew revenue at a 6.2% CAGR from 2021 to 2024, expanding work with major telecom providers. > Focused on short-duration projects, with an average job size of $43k in 2024. Growth Opportunities > Execute on a new client currently onboarding the Company as a vendor, which represents a potential $5M annual revenue opportunity. > Capitalize on current demand, with each new crew estimated to add $1.5M in annual revenue with an initial $400K investment. > Expand into additional utility markets to broaden the company’s market reach. > Acquire additional utility service providers to extend geographical reach, service offerings, and customer base. Transaction Objective The Owner is looking for liquidity to focus on his other business and will consider: > A sale of all the assets or stock of the Company, or > A majority recapitalization