West Coast Mechanical Contractor; 54% EBITDA Growth, $3.7m TTM Rev
Business Description
Retirement-driven sale of a 75+ year union mechanical contractor
Project Legacy is well-respected union mechanical contractor serving a diverse base of institutional and commercial clients in the San Francisco Bay area. This company is as durable as it gets. Founded 75 years ago, some customer relationships span decades. There's an expert work force willing to stay on and a reputation for quality and speedy execution (4.8 stars). It’s ideal for a buyer seeking a stable, established HVAC presence in the Bay area.
The Company offers all core mechanical products - service, repair, installation, retrofit with 24/7 emergency response. Location is a plus. The company operates in a dense service radius (4k people per sq/ft), enabling fast response and optimal route efficiency.
Highlights
• .85 EMR. Safety and accountability first
• $687k adj EBITDA
• Upward trajectory since 2023. Revenue up 13%, EBITDA up 54%; GM, 34% to 39%
• $1m contracted backlog, $225k service contracts p/y
• Demand increasingly generated by state energy retrofit mandates and incentives
Customer Profile
• 82% commercial, 18% multi-family residential
• 23% maintenance and change outs; 77% retrofits and installs
• Commercial institutions, multi-property owners
• 2,500 accounts, low concentration
Growth Potential
• Sales and marketing; almost all business is referral-based
• Qualified for municipal work in a union-friendly state
Strategic Acquisition Benefits
• Clean balance sheet, no long-term debt
• Reliable, trained talent pool from union channels
• Owners can roadmap lots of growth opportunities
In summary, Project Legacy stands out as a profitable, recession-resilient, and efficient union mechanical contractor with a proven record, trusted reputation and scalable platform for growth. With its combination of seasoned personnel, loyal customer base, and solid financial performance, it represents an exceptional opportunity to acquire a durable business with meaningful upside in both recurring service and retrofit segments.
The Company offers all core mechanical products - service, repair, installation, retrofit with 24/7 emergency response. Location is a plus. The company operates in a dense service radius (4k people per sq/ft), enabling fast response and optimal route efficiency.
Highlights
• .85 EMR. Safety and accountability first
• $687k adj EBITDA
• Upward trajectory since 2023. Revenue up 13%, EBITDA up 54%; GM, 34% to 39%
• $1m contracted backlog, $225k service contracts p/y
• Demand increasingly generated by state energy retrofit mandates and incentives
Customer Profile
• 82% commercial, 18% multi-family residential
• 23% maintenance and change outs; 77% retrofits and installs
• Commercial institutions, multi-property owners
• 2,500 accounts, low concentration
Growth Potential
• Sales and marketing; almost all business is referral-based
• Qualified for municipal work in a union-friendly state
Strategic Acquisition Benefits
• Clean balance sheet, no long-term debt
• Reliable, trained talent pool from union channels
• Owners can roadmap lots of growth opportunities
In summary, Project Legacy stands out as a profitable, recession-resilient, and efficient union mechanical contractor with a proven record, trusted reputation and scalable platform for growth. With its combination of seasoned personnel, loyal customer base, and solid financial performance, it represents an exceptional opportunity to acquire a durable business with meaningful upside in both recurring service and retrofit segments.
About the Business
- Years in Operation
- 77
- Facilities & Assets
- 6,300-sq-ft facility comprising 1,500 sq-ft of office space and 4,800 sq-ft of warehouse/shop, with a 10,000-sq-ft enclosed yard and weight-rated mezzanine. The site is leased under a 3-year term with rolling 12-month termination, offering flexibility through 2027. Assets include 17 owned fleet vehicles, tools, and equipment supporting HVAC service, retrofit, and maintenance operations
- Website
- https://trepadvisors.com/acquisition-opportunities/
- Market Outlook / Competition
- Fragmented market, ripe for consolidation. The company wins on quality and speed, which implies an opportunity for the new owner to increase prices.
- Opportunities for Growth
- Growth opportunities include expanding preventive maintenance and service contracts, deepening penetration across high-income cities, and targeting multi-site commercial clients. Additional upside stems from California Title 24 and HFC phase-down regulations, which are driving demand for energy-efficient retrofits and recurring maintenance revenue.
About the Sale
- Seller Motivation
- Retirement - owners see lots of opportunity but want to put the legacy and futur
- Transition Support
- Reliable training and talent pool fThe owners will stay for a complete transition period to ensure continuity and transfer client relationships. One owner will remain available post-close for consulting while the lead Service Manager and Project Manager would like to stay.
Listing Info
- ID
- 2435769
- Listing Views
- 37
Listing ID: 2435769 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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