Electrical Contractor: Special niche commercial work.

Established in the late 1990s. The original owners saw the need for a reliable team of special niche project electricians. The owners went on to build relationships with Fortune 100 companies and began winning work. Fast forward a number of years when they sold their company to the current owner. At the time of the sale revenue was in the $1.3M range with seller discretionary earnings around $350,000 to $400,000.
Under the new owner’s leadership the business has reached another plateau. 2023 Rev hit $3.2M and SDE was over $900,000.
The reason for the sale is that the owner made an acquisition in 2021.  This new business requires a much different skill set. There is no competition between the businesses. Today the new acquisition is approaching $5M in revenue. The owner is focusing more time on this second business. He is also closing in on retirement over the next 3 or 4years. It is his intention to start his exit plan with this sale.
Currently, the business is only operating in Georgia. There is opportunity to grow beyond the state if desired.