Parks, Roads Infrastructure with 48M in Backlog

This Civil based Infrastructure business performs Site Prep
for Parks, Roads and School Districts with a focus in paving.
Their repeat client base includes the DOT, Department of
Parks & Rec and the Port Authorities. The proof is in the
performance with this NYC business as they have never
defaulted on a project in their 43-year history. This business
currently has over $48M in contracts! The assets are valued
over 4 million, which include $2,350,000 in heavy equipment,
$466,000 in vehicles and they will leave $500,000 in Working
Capital! This makes the loan over-collateralized! The
business utilizes a 12,000 sq. ft. building which includes an
office, shop, machines, storage with 8,000 sq. ft. of unused
space that could be used for expansion! The team consists of
20 core people, there is no shortage of trained professionals
at hand, including office staff, project managers, and foremen
plus 30-50 union laborers. The owner currently works about
25 hours a week and will provide transition for 2-3 years. The
owner is ready to retire but has a vested interest in the
continuing success of this business, to show good faith he is
willing to finance and/or hold a 20% Equity Roll.

Priced at $4,600,000, this business is primed and ready for a
new owner to step in. Their work falls under the municipal
umbrella: meaning if there should be a recession, their
workflow will not be impacted. In fact, due to the US
Infrastructure Bill, this business will grow significantly as $66
Billion dollars has been set aside for public transportation
infrastructure work. A new owner could add plumbing,
precast, fencing and hardscaping to the list of services as
these are all growth opportunities. A buyer must qualify for a
Minority, Woman or Veteran designation to own majority of
this business.