This Electrical Contractor based in Northern California specializes in commercial projects. Established in 1983, the company has over 40 years of experience delivering high-quality electrical solutions to clients. As an S-Corporation, it enjoys pass-through taxation and limited liability benefits. The company’s dedicated team offers a wide range of services across various industries, including restaurants, warehouses, medical buildings, mixed-use spaces, underground utilities, parking lots, and more.
Suppliers and Partnerships:
The company collaborates with subcontractors for specific tasks, such as excavation and fire alarm/security systems. These partnerships enhance project execution. Additionally, strong relationships with excavation contractors and electrical supply houses ensure timely access to quality materials, strengthening the company’s competitive advantage.
Customers and Market:
The company boasts a diverse customer base of 27 clients, primarily focusing on general contractors overseeing different construction projects. This distribution mitigates reliance on a single client, reflecting a strategic approach that fosters healthy competition and fair market dynamics.
Employees and Staff:
With 51 dedicated employees, the company thrives due to its skilled workforce. Key personnel include a versatile Field Supervisor/Electrical Designer/Acceptance Technician, two Lead Foremen, six Foremen, a Controller, and an Office Manager. These individuals contribute to project execution, financial oversight, and administrative efficiency. No family members are part of the workforce, ensuring a professional and stable operational environment.
Financial Performance:
The company’s financial performance is defined by Sellers Discretionary Earnings (SDE) in 2023 of over $1.2mm on revenues of just under 9mm, factoring in expenses discretionary to the new owner. The company is well-positioned with an extensive backlog for continued growth. The owner is committed to participating in a smooth transition to the new buyer.
Frequently Asked Questions:
The confidential addresses lease details, property information, licenses, permits, regulatory compliance, legal proceedings, environmental matters, and more. Notably, the company complies with C10 Electrical Contractor’s License requirements.
In Conclusion, this company is a well-established electrical contractor with a proven track record of success. Its skilled workforce, strategic partnerships, and diverse client base position the company for continued growth in the industry.