Looking for Investor Feedback on Electrical Contractor Deal
Hi all,
I'm looking to connect with investors to gauge interest for a $10-15M EV Electrical Contractor deal. Would love to get feedback on deal structure and check interest for LP participation. Currently in late stages of pre-LOI negotiations.
Rough deal structure outline:
- ~5x LTM EBITDA Multiple (~4x FY 2026E EBITDA)
- 70% cash / 30% seller financing
- Using private credit lenders rather than SBA for debt
- ~2-3M EBITDA range
- 90% project based (muni/commercial + high end resi construction) / 10% service; most customers nationally recognized GCs with city/county contracts as well.
- Significant customer concentration in any given year due to project size, but strong repeat activity and diversification on YoY basis
- Incredibly tight skilled trades labor supply due to very HCOL location
- Multiple master electricians willing to sign multi-year retention deals
- Very strong financial/operational controls found during initial due diligence
Please DM if have any feedback or interest.