Unique opportunity to acquire either a full or partial stake in a rapidly growing Concrete Formwork & Wood-Frame Contracting Business in Vancouver with the existing founding owner potentially staying on as an operating partner
CEO of the company has indicated a desire to remain in their position as an employee to support the new ownership
The seller might entertain partial Vendor Take Back (VTB) financing and/or an Earn-out provision for a qualified buyer
Excluding the FY2021 impact of COVID-19, the company has consistently achieved year-over-year revenue growth since its establishment in 2016. Revenue for FY2023 was approximately $5.8 million, with discretionary earnings reaching approximately $1.6M
As per the Seller, the company’s total projected pipeline exceeds $29 million as at April 2024, encompassing 10 projects across British Columbia to be developed between 2014 and 2026
As per the Seller, the company has projected revenues ranging from approximately $8.2M in 2024 to approximately $11M in 2026 with EBITDA of 25% to 30%
Company specializes in concrete formwork and wood framing work, and participates in projects across British Columbia
Clients are essentially gained through referrals, in addition to a considerable number of repeat customers
A team driven business with a reputation of quality and professionalism that stands out in every completed project, while meeting and exceeding Health and Safety standards for workers and sub-contractors
Business provides great customer service to its clients and has become a go-to general contracting company in the BC area
Business has a non-unionized staff of 12 employees, and over 120 Sub-trade workers at any given time
Huge potential to grow the business by leveraging the excellent business reputation and hiring more labour and specialized staff such as estimators and project managers
Seller is looking to pursue other opportunities, and is willing to also stay within the organization as a partner to help grow the business along side a strategic partner; In the event of an outright sale, the Seller is willing to stay for a transition period and/or consultant for a negotiable period of time
