This Multi-Family Residential Construction General Contractor is an S-Corporation. The original company was founded in 1991 with a 100% sale to the new owners in late 2016 / early 2017 as part of a divestiture / retirement of a founding member of the prior company. The company is in the Southeast U.S. (exact location provided is broker’s location). The new owners have continuously owned and operated the company since January 1, 2017.
The company has two main project types, affordable housing and traditionally financed housing, which tend to be counter-cyclical. This allows the company to be somewhat insulated from broader economic forces that often plague siloed general contractors. The company has long-standing relationships with developers (as a source of revenue) and subcontractors (as a source of labor) throughout the southeastern U.S.
The company surpassed $120M in TTM revenue with EBITDA of over $3M.
Both owners would like to continue to operate the business post-sale and are open to an equity position with the acquirer, although a 100% exit as owners is preferred.
NDA required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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