Site Development Contractor w Underground Utility

Description:
The Company specializes in commercial site development and underground utility construction. The Company excels in handling complex projects, focusing on developing sites and installing essential utilities and systems, including underground retention ponds and utility pipes. With a reputation for innovation, the Company consistently provides effective solutions for challenging and intricate construction projects.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 30.4% and 33.2%, respectively, from 2021 to 2024.
• As of March 31, 2025, the Company had $30.5 million in work-in-progress across 18 active projects, with $16.7 million remaining to be billed.
• The Company self-performs the majority of its specialized work, relying on subcontractors only for tree clearing and demolition, ensuring greater quality control and project efficiency.
• A strong management succession plan is supported by a capable second-tier leadership team, ensuring continuity and operational stability post-transaction.
• The Company's diverse skill set amongst its staff enables it to effectively manage projects of any size or complexity.

Opportunities:
• Expand operational footprint into adjacent and underserved markets beyond the Company’s current regional focus.
• Implement a strategic marketing campaign to increase the client base and digital presence.
• Opportunity to expand underground utility capabilities (water, sewer, storm, and dry utilities) to compete for larger, higher-margin projects.
• Capitalize on federal infrastructure initiatives and long-term demand for construction services to drive project volume and expand market share.
• Leverage this bolt-on opportunity to accelerate platform growth through expanded services and customer diversification.

Headquartered:
• Southeast, US

Current Markets:
• The Company specializes in private commercial projects, serving general contractors, commercial developers, construction firms, and housing developers across its regional market.

Real Estate:
• The Company operates from a 9,300 sq. ft. facility that includes office and shop space leased from an unrelated third party. The lease also provides yard space for storing vehicles and materials. Ownership is currently building a larger facility, expected to be operational by August 2025. Ownership is open to negotiating a long-term lease for the new facility.

Shareholder Ownership:
• The Company is wholly owned by a single shareholder who plans to exit to pursue other unrelated ventures. To ensure a smooth transition, the owner is willing to remain with the Company for up to two years to assist with the transition to new ownership.