15 year old company provides overhead crane new installation, services, and periodical inspection. Has 2-3M revenue, 200k to 450k ebitda, 8-12 headcount, 30-40% re occurring business, rest are project based revenue. Seller expecting 5-6x ebitda. I couldn't find any data on multiples for overhead crane installation, Inspection & service companies. I did find the BVR data on crane manufacturer, which may not be a right comparison. Has anyone evaluated a company like this. I appreciate all the suggestions.
I did listened to the podcast on "Operating in the crane business" by Alex. This helps to understand the business.
A rollup happened in this industry for the past 5 years by Crane 1 which has 220 technicians and recently bought out by L Squared Capital Partners. Crane 1 offers OSHA-mandated inspections, maintenance, repair, design and installation of overhead crane systems and below-the-hook lifting devices.
Looking for advice on evaluating a local overhead crane service company
by a searcher from Rice University - Jesse H. Jones Graduate School of Business
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
54 views
8 comments
Sign in to see all replies.
Create an account.