Erection of Premanufactured Steel Structures

This premanufactured steel structure installation business
is passively owned and is managed by a strong General
Manager. Established in 1960, this business has a diverse
repeat client base which is comprised of farmers &
ranchers, commercial building owners, schools,
government, and the FAA. This large-scale assembler is
recognized as a top performer in the assembly of metal
frame structures, such as grain silos, pole barns, and
buildings. The business is regularly recommended by its
customers, and world-renowned vendor Behlen
Manufacturing. The project types are as followed:
Premanufactured Structures, Steel Buildings, Pole Barns,
Grain Bins, Storage & Garages, and Airplane Hangars.
The average project ranges from $40,000 - $500,000 and
can be complete in less than 2 weeks. Located in South
Central Nebraska, with very low overhead of only
$1,500/mo., the General Manager runs all day-to-day
operations. The owner only checks in twice per week!
There are 8 full-time employees in the business including
the GM, an Office Administrator and 6 in Field Labor. The
business comes with over $2.4million in WIP and over
$1.5million in their pipeline, in addition to $1.1million worth
of assets. The seller is planning for retirement and has
offered to stay with the business for one year as part of the
transition period. Additionally, the seller has offered to
carry 30% of the purchase price as a show of good faith in
the continued success of the business post-close.