Description of the business for sale
Unique regional Mechanical & Electrical Contractor and Steel and Piping Contractor that provides plate, structural steel, pipe fabrications & field services for plant renovations, maintenance, installation, craft labor, piping and equipment repairs.
Regional Fortune 500 customer base, including Industrial, Utility, Petro, Pharmaceutical, Chemical, Food and Home Products industries.
Approximately 40% of sales are generated from large companies on cost plus not to exceed basis. An experienced management and work force, modern equipment with a replacement value of over $2.7 million and a large shop are in place to support an increase in marketing activities into neighboring states to take advantage of significant sales opportunities. Expansion possibilities are also present in sophisticated energy fields such as solar, critical power, petro and chemical piping and electrical power.
Ideal corporate acquisition or merger candidate for a corporate buyer looking to enter the Northeast market or for an owner-operator. Current owner willing to stay on as general manager.
Support / Training provided by seller
Owner willing to stay on as general manager or train new owner. Also will sell 80% of the company and stay on as general manager or President to oversee growth opportunities
Description of the facilities
Modern equipment valued at a replacement value of more than $2.7 million, including steel fabrication tools, field tools, equipment, vehicles, CAD systems, etc. Office, warehouse and ships total 18,000 sf. Additional space available.