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Heavy Construction General Contractor

Our firm currently represents a respected and reliable general heavy construction contractor specializing in concrete work. One of only a handful of erosion control specialists operating in this growing Southern market, the company is also known for expertise in retaining wall and bridge building projects. Revenues increased, from $2.1 million in 2006 to over $2.85 million in 2008. With projects located primarily within a 100 mile radius of the firm’s headquarters, the favorable Southern climate helps mitigate the traditional seasonality of the industry. Adept at bidding jobs, with a 100 percent post-award client retention rate. Boasts an outstanding safety record, reflected by a workers’ compensation modified rate of only 0.86. Serves primarily as the contractor (rarely a sub-contractor), with current bonding capacity of $3.5 million per project and $6.0 million in aggregate. Project backlog generally fluctuates between $2 million and $2.5 million. Well-maintained equipment with a fair market value of approximately $450,000. Highly experienced in the type of paperwork required by the Corps of Engineers, the state DOT, and other large organizations. Current facility, company-owned and available for fair market lease, is sufficient to support pro-forma projections, as is the company’s fixed assets base. At present, nearly all contracts derive from the public sector via lowest bid, but entrance into the private sector is also a viable growth opportunity.