$2.9M Adjusted EBITDA – Union Commercial Roofing and Sheet Metal Contractor
Overview: The Company is a nationally ranked Top 100 Union Commercial Roofing and Sheet Metal Contractor with multi-generational ownership, specializing in complex commercial roofing and sheet metal projects. The Company’s reputation has been built through a decades-long safety track record, quality workmanship, and professional integrity.
Culture: The Company’s culture includes management’s ability to profitably organize and empower capable individuals in estimating, sales, and operations. Management is made up of sales/estimators, superintendents, and back office personnel. The Company employs a union workforce. There are no material unfunded union pension liabilities.
Revenue: Over the past five years over 80% of Revenue is made up of higher profit margin work (Reroofing, Service and Repair, Sheet Metal, and Premium Modified Roofing) while more competitively bid high-volume, low-margin Revenue (New Roofing) often produces higher-margin future projects.
Gross Margin: Over the past five years gross margins by service type varied from highest (Service and Repair at 47%) to lowest (New Roofing at 24%).
Customers: Diverse end markets – Healthcare, industrial, entertainment, education, and government.
Equipment and Software: The Company uses modern software and well-maintained equipment in its operations. In recent years, the Company has made significant investments in equipment and workforce.
2025 Performance: Management projects that 2025 will perform about the same as 2024 which was $2.9 million Adjusted EBITDA.
Real Estate: The owner intends to sell the real estate, too, with a bank-commissioned appraisal at $6.1 million.
Interested buyers are required to sign an NDA and demonstrate the availability of $5 million in investable capital along with established debt capital relationships.
TNMA Engagement ID: P55587
- Listing ID:
- P55587
- Industry:
- Construction
- Location:
- Undisclosed > Upper Midwest
- Revenue:
- $21,100,000
- Down Payment:
- $5,000,000
- EBITDA:
- $2,900,000
- Real Estate:
- For Sale
- Real Estate Value:
- $6,100,000
- Listing Agent:
- Kirill (“KG”) Graminschi
- Reason for selling:
- Retirement