Public Works Infrastructure with Niche in Transit

This public works infrastructure business has an industry leading team of 53 workers and has nearly $6 million worth of assets included in the purchase price! Their team includes 7 Administrative Employees, 5 Project Managers, 11 Electrical Foreman, 17 Electricians & Apprentices, 1 Senior Director of Project Managers, equipment operators, railroad maintenance staff, warehouse drivers, plus a CFO, VP, and Superintendent; many of which they hired due to their positive relationship with their union (in this region, the union is the ONLY way to work on public opportunities). Their extensive list of services within their transit niche include designing, drilling, installing, repairing, and maintaining above ground and underground public transportation systems. They work on rail, streetcar, commuter rail, traffic light, cabling, lighting, and communications systems. The company has a primary client base of municipalities and the primary general contractors who serve them and currently has 13 contracts, which lands their current working progress total at $28 million. The owner of this electrical infrastructure construction operation is looking to find a strategic growth partner and will stay on with the business to continue his active oversight role. Established in 2012, this business operates out of 3 strategically placed locations and offices. 2 of which are in Washington, and 1 in Oregon to allow them to maximize the level of municipal contracts they are able to accept in their service area. This establishment, and any potential new ownership, has a new opportunity for focused growth with the recently passed US Infrastructure Bill. There have been multiple infrastructure packages discussed, planned, and/or approved in the area related to public transportation which should be coming to fruition in the near future, creating ongoing opportunities for this business. The purchase of this business comes with $5.9M in assets including vehicles and equipment, along with working capital of $3M+! Priced at $14,950,000, the seller is willing to carry 10% and do an equity roll for another 10% to show good faith in the ongoing success of the company. The current owner is looking for a buyer to handle this continual growth as well as to ensure the business is maximizing on its multitude of opportunities.