Established 20 years ago, this industrial painting company
receives approximately 40 projects a year. They work on
municipal and infrastructure projects such as bridges, tunnels,
subway stations, and water treatment plants where they
provide painting services (70%) and installation of shields and
platforms designed for safety (30%). Spanning over several
states including New Jersey, Delaware, Ohio, Pennsylvania,
and Michigan with 90% of their work completed in New York.
They employ a well-trained leadership team including 2
Estimators, 3 Project Managers, 5 Foreman, 2 Office
Administrators, who help to oversee the 50+ laborers. The
labor crews are from the union, which ensures a skilled work
force. Operating from a 2,000-square-foot facility, the
company’s central office in NYC serves as the hub for
administrative functions, project bidding, and coordination of
day-to-day operations; the office employees are based at this
location. The deal includes a working capital of $1,085,000
plus vehicles and equipment valued close to $1.4 million.
Priced at $17,000,000, this opportunity represents a turnkey
operation with established systems, a loyal client base, and a
reputation for quality and reliability in industrial painting and
access solutions. The owners have offered to carry 15% of
the purchase and have committed to supporting a smooth
transition, offering a period of one to two years to facilitate
knowledge transfer and maintain business momentum.