Business Activity:

Established company providing trusted maintenance, overhaul, and major repair to both ocean-going and inland marine vessels. They also provide critical facility maintenance services to schools, hospitals, office buildings, grain elevators, and manufacturing facilities. The owners oversee operations, but have a strong mid-level management layer and highly-skilled workers.

Top Things to Know:

• Business Model: Provides maintenance and repair services to ocean-going and inland marine vessels, and also provides facility maintenance services to manufacturing companies.
• Stable Revenues: $21 million in average gross revenue over the past 3 years.
• Strong Cash Flow: $2.5 million in cash flow in 2024.
• Established Brand: Excellent reputation for outstanding on-time and on budget work that few other companies can provide.
• Limited Marketing: 90% - 95% of business comes from referrals and repeat business.
• Longevity: Established in 1963, the company has been an industry leader for decades.
• Bid-Hit Ratio: The company wins 50% of the jobs it bids on, but much of their work is no-bid.
• Workforce: 25 fulltime. Additional 60 experienced third-party subcontractors
• Seller Financing: 10% seller financing available to show seller’s confidence in continued success.
• Training: Sellers will train free of charge for one month to ensure smooth transition.