Business Description

This company is a fully integrated engineering, design and construction management firm. They are well established in the industry and have operated successfully for 16 years. Their clients include both national and international companies in the energy, alternative energy, chemical and industrial companies that build new greenfield and expansion brownfield plants.

They focus on projects for profit, cash flow, environmental compliance and maintenance investments. The company performs contract work for these clients' projects on a lump sum turnkey, cost plus or rate reimbursable basis utilizing a high quality, top safety organization. The firm is fully staffed with 20 senior level professional engineers of all disciplines, and senior designers who use 3D modeling software and highly technical engineering programs in accordance with industry standards.

There are currently 55 employees in total and this company has an unusually high employee retention record; mainly due to a competitive compensation program combined with a high integrity culture.

The company holds engineering and contractor licenses in approximately 25 states. Projects are awarded on a bid basis and no-bid basis depending on the client's needs and the company has a 90% repeat business rate held over the last 5 years. Their expertise includes fast-track project management, plant modularization, and fully customized integrated solutions.

The 5-year gross revenue average is $12M. However, current projects and contracts project a gross revenue of $22M in ‘23.

In addition to purchasing the business, the new owner may elect to purchase the real estate separately for an additional $2M. This property is in a great location and includes an office building with individual offices, open design areas, conference rooms, break rooms and restrooms, adequate parking on a 1 acre lot, plus an adjacent 1 acre lot for future expansion. Or, the buyer can just lease the space from the current owner.

Real Estate:OwnedNot included in asking price

Building SF:8,800

Employees:55

Reason for Selling:The owner is nearing retirement and is seeking an exit.