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Union Mechanical Contractor

Our firm currently represents a successful and well-established full spectrum HVAC contractor that offers a wide range of mechanical contracting needs for a major Midwestern market. Offers full scope design/build, modification and pipefitting services, from draft and layout to full field installation for commercial and industrial HVAC, ventilation, and process piping. Undertakes a healthy diversity of projects, including jobs for new construction (40 percent of 2008 revenue), renovation (30 percent), service/maintenance (20 percent), and tenant finish (10 percent) markets. A growing service portfolio includes 30 to 40 recurring revenue-producing service contracts, and the market exists for a more prominent service division to capitalize on even greater growth opportunities. Benefits from a highly skilled union labor force with minimal turnover. One of only a handful of LEED (Leadership in Energy and Environmental Design) Green Building approved contractors in the local market. Despite the down economy, 2008 performance was very strong, with revenue surpassing $2.0 million and EBITDA plus owners’ compensation of $299,031. Revenue is forecast to be flat at $2.0 million in 2009, then increasing at a 10% CAGR. Duct work is currently outsourced to local sheet metal shops; an investor willing to bring manufacturing in house could substantially widen profit margins.