Looking for a buyer.
The sellers are willing to roll 15% equity and carry an additional 10% of the note on this mobile platform & scaffold sales, rental, installation, and dismantling company! They currently have 500 clients in their customer base, with 25 continuously recurring clients that include general contractors, concrete & masonry, demolition, and repair and installation contractors. At a price of $19,500,000, you are looking at a 191% return on investment in the first year! They install, dismantle, rent, and sell frame scaffolding, system scaffolding, shoring scaffolding, and hydro mobile platforms with nearly 60% of their revenue coming from rentals. This business has over $3.75M in work-in-progress and backlog, which is an average of 70% utilized with about $9.9M in inventory out for rentals on a monthly basis. Boasting $4.5M in hydro mobile inventory (96), they are far ahead of their competitors who only have 1-3 units. They also offer 3D drawings on more complex projects which differentiates them in the market. In addition, the recently passed US infrastructure bill caters to this company’s core customer base and will certainly increase their revenue in the coming years. This company does little to no marketing or advertising due to their recurring clients. A new owner could absolutely grow by simply adding a marketing and sales plan. This business has a sister company (23% of revenue) that is Union based. In any given month, they have around 150 work orders and their large projects that go for longer than one year are greater than $1M in value. Assets include almost $11M in scaffolding inventory and $1.45M in vehicles like flatbed trucks (5) and pickups (20). Their current work-in-progress is valued at $1.7M, with $2.05M in backlog. The current workload consists of 40% construction, 30% restoration, and 20% industrial. At any given time, they have anywhere from 45 – 60 employees with 7 of them in the office, 12 in the yard/shop, and###-###-#### laborers. Two of the owners focus primarily on sales; the third owner manages day to day business. They are currently transitioning responsibilities to other employees. Priced at $19,500,000, this is a business that is positioned to grow in the scaffolding space through acquisition of more inventory and expansion into different cities.

listing type
exclusive representation
industry
Construction
location
Twin Cities, Minnesota
revenue
$17,884,380
ebitda
$5,858,892
proposed price
$19,500,000
owner financing
$1,950,000
equipment
$15,000,000
collateral
Equipment
Inventory
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