Multi-Family Residential Construction General Contractor 1127

This Multi-Family Residential Construction General Contractor is an S-Corporation. The original company was founded in 1991 with a 100% sale to the new owners in late 2016 / early 2017 as part of a divestiture / retirement of a founding member of the prior company. The company is in the Southeast U.S. The new owners have continuously owned and operated the company since January 1, 2017. The company has two main project types, affordable housing and traditionally financed housing, which tend to be counter-cyclical. This allows the company to be somewhat insulated from broader economic forces that often plague siloed general contractors. The company has long-standing relationships with developers (as a source of revenue) and subcontractors (as a source of labor) throughout the southeastern U.S. The company surpassed $125M in TTM revenue with EBITDA of nearly $3.3M. Both owners prefer to retain an equity position with the acquiring company and would like to continue to operate the business post-sale. However, they are open to a 100% exit under the right terms. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: Two Corporate Office Locations. Projects located throughout the southeastern U.S. Competition: The company faces regional competition and some larger commercial general contractor competition. However, existing relationships with developers tend to limit direct competition with most other general contractors. Growth & Expansion: The current ownership has nearly doubled the company’s revenue since taking over in###-###-#### The company is poised for continued growth in additional southeastern U.S. markets and could readily support growth into geographically separated markets under the new leadership. Financing: TBD if structure and terms are acceptable. Support & Training: As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business. Reason for Selling: The current owners would like to exit for several reasons. First and foremost, there are many owner-related duties that they prefer to shift to a new owner, such as dealing with arbitration, legal issues, etc. In addition, the owners have significantly grown the business since 2017 and recognize the potential for much further growth through geographical expansion. The current owners believe that growth may be best realized under new leadership. In addition, the current owners have worked incredibly hard to build significant equity in the business and would like to monetize a portion (if not all) of that equity. Both owners are open to and fully expect to continue in an executive position with the company post-sale and hope to build the business in their continued executive roles. They are hoping to have some “up-side” in their roles as executives under a mutually beneficial arrangement with the new owner.