The Company is a leading provider of high-quality underlayment solutions and spray foam application for commercial (35%) and residential (65%) customers. The Company offers a wide range of products, including synthetic underlayment, self-adhering underlayment, ice and water shields, and a full suite of spray foam application services. With over 20 years of experience in the industry, the Company has established a strong reputation for delivering superior products with exceptional customer service.

The Company generates robust interest throughout the New York, Massachusetts and Vermont region within a 100-mile radius of its headquarters. It typically avoids the competitive bidding process for its contractual services, significantly increasing margins.

The Company has successfully grown revenue at 7.3% over the past 3 years while increasing gross profit margins from 37.5% in 2021 to 42% in 2023. The Owner is supported by 23 employees across both divisions who operate from two upstate NY warehouses.

INVESTMENT APPEAL

a. Strong Historical Sales Growth: Historical sales have grown from $2,800,000 in 2020 to $3,465,000 in 2023, representing a compound annual growth rate of 7.3% and growing consistently year to year.

b. Diversified Customer Base: With revenue divided between two separate business lines, a customer base of over 250 accounts, and no single customer accounting for more than 5% of sales, the Company’s diversified customer base protects it from the impact of losing a single large account.

c. Documented Systems and Procedures: The Company maintains detailed policies and procedures to ensure all aspects of the business are appropriately managed and streamlined from estimating and bidding to installation and project support.

d. Brand-Name Products and Authorized Dealer: The Company is an authorized Accucrete cement dealer and master installer of Ardex products, which come with a 20-25 year warranty by the manufacturer.