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Due to owner’s pending retirement, one of Hawaii’s best heavy mechanical/civil general contracting companies is offered for acquisition.
Investments highlights:
• Sales of $13.8 million in 2007, with recast EBITDA of $1.5 million
• Forecast 2008 sales of $20 million, with recast EBITDA of $2.1 million
• Current contracted backlog of $23 million
• Focused on non residential market
• Construction market in Hawaii is much stronger than on most of the mainland; the sectors that this business focuses on is continuing to experience very strong growth
• Management team of exceptional breadth and strong engineering capabilities handles the vast majority of day to day responsibilities
• Non union workforce
• Limited direct competition allows business to enjoy above average profit margins
This is an excellent opportunity for a mainland construction company to enter the growing and vibrant Hawaii market or for an individual to make an investment in a growing and profitable Hawaii company which will provide excellent return on investment and the rationale to either move to Hawaii or visit here often.
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