Heavy Construction General Con - Not Disclosed,Texas - Business for sale
The March Group, LLC currently represents a respected & reliable general heavy construction contractor specializing in erosion control, concrete, retaining walls & bridge building primarily for the public sector. One of only a handful of regional players specializing in erosion control. Current bonding capacity of $2.5 MM per project & $5 MM aggregate expected to jump in 2008 as management aggressively pursues increased bonding limits. Backlog of approx. $2.5 MM as of 3/31/07 supports 2007 revenue growth predictions of 18.58%. Expected annual revenue growth over pro-forma period never less than 16.67%, & EBIT is predicted to grow steadily to top 10.5% in 2011. Equipment has a fair market value of $400,000+. Experienced & dedicated employees. Backed by a well-established customer base & high rate of repeat business, this Company is an outstanding opportunity for an investor looking to enter a growing market.
Job growth in the construction industry is up 7.7% at state level for 12 months ending Oct. 2006, & state tax revenue grew 13.8% over previous year. The addition of commercial customers, trench and utility projects & geographic market expansion offer promising opportunities to take advantage of favorable market conditions.
Not Disclosed, Texas
Date posted: 4/20/2007
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