Commercial Electrical Contracting in Central PA

Founded 5 decades ago, this well-established electrical
contracting company has built a strong reputation serving
commercial, industrial, and institutional clients throughout
Central Pennsylvania. With a 60-mile service radius, the firm
is strategically positioned in a region experiencing rapid
growth, including significant multi-year projects with the close
by university. The business specializes in a wide range of
projects including production plants and factories, hospitals,
universities, retail spaces, and public buildings. Key clients
include Penn State University, hospitals, the Department of
Transportation, and a nice MSA with the railroad. The
company operates from a 4,000 sq. ft. office with an attached
warehouse for material storage, located in Altoona, PA. The
team consists of 5 full-time office staff—2 experienced
Estimators/Project Managers and 3 Office Administrators,
alongside a skilled union workforce of approximately 25 field
employees. The seller provides high-level oversight, manages
finances, and does not do any labor or client interaction. The
business is being offered for sale due to the owner’s age and
retirement, presenting an excellent opportunity for a new
owner to step into a turnkey operation with decades of strong
industry relationships, skilled staff, and a proven track record
of success. To ensure a smooth transition, the seller is
committed to offering training for up to 1 year and has offered
to carry 10% of the purchase price as a show of good faith in
the continued success of the business post-close.

With a purchase price of $2,900,000, a buyer would need a
down payment of $290,000 unborrowed funds to become the
new owner. Included in the purchase is a work in progress of
over $900,000 and a working capital of $967,000. Future
growth opportunities include submitting more bids, enhancing
marketing efforts, and leveraging the area’s ongoing
development.