This Company is a well-established Equipment Leasing Company that rents and leases heavy equipment and earthmoving equipment to large commercial contractors, developers and construction companies for commercial and civil projects.Revenue in 2013 was $3 million, a 20 percent increase over 2012 revenue of $2.5 million. Net profitability (Adj. EBITDA) increased from $340,000 (13.6 percent of revenue) to $1.4 million (47.7 percent) during the same period. The Company’s extensive customer list is a result of over 20 years in business as a leading source of heavy machinery and equipment for construction and development. Customers include some of the largest site development and highway contractors in the area.Inventory consists of over $6MM of high-quality, well-maintained heavy construction and earthmoving equipment, including cranes, trucks, excavators, dozers, compactors and graders.While the Owner is pleased with the Company’s growth to date, it is believed that the business could benefit a great deal by the addition of capital and human resources. Principal is agreeable to remaining with the Company to facilitate a smooth transition.
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