building and construction business for Sale in Iowa

New Platform: Multi-State Water Services — ~$2.9MM Adj. EBITDA

Multi-State Water Infrastructure Services Platform The Company is a self-performing water infrastructure services platform providing well drilling, pump service and installation, and well rehabilitation across seven states. The business generated **$2.94 million of adjusted EBITDA on $18.6 million of FY2025 consolidated revenue**, representing a 15.8% margin. Self-performed net revenue reached **$15.0 million for the LTM period through July 2026**, approximately 10% above FY2025, with a 52.9% gross margin. Pump service and rehabilitation represent approximately 73% of self-performed revenue, providing exposure to essential, compliance-driven maintenance and replacement demand. The Company has more than 33 years of operating history, 120+ active customers, six operating yards, directly employed crews, and an owned fleet of drilling and pump-service equipment. Its multi-state licensing, established municipal and utility relationships, and full-lifecycle capabilities create meaningful barriers to entry. Key KPIs - $2.94MM FY2025 adjusted EBITDA - $18.6MM FY2025 consolidated revenue - $15.0MM LTM self-performed revenue - 52.9% LTM self-performed gross margin - Approximately 10% LTM revenue growth - Approximately 12% FY2023-FY2025 revenue CAGR - 120+ active customers - Seven-state footprint and six operating yards Buy-and-Build Strategy The Company provides an established foundation for building a larger, source-to-tap water infrastructure services platform through: 1. **Core Growth:** Add crews, increase fleet utilization, and expand pump service, preventive maintenance, rehabilitation, and emergency-response programs. 2. **Drilling Insourcing:** Bring approximately $5.0 million of managed subcontract drilling in-house to capture additional margin and improve project control. 3. **Service Expansion:** Add filtration, water-treatment installation, media replacement, controls, SCADA, monitoring, compliance support, and treatment-facility maintenance. 4. **Geographic Tuck-Ins:** Acquire regional well, pump, and rehabilitation contractors to add customers, crews, licenses, equipment, and market density. 5. **Capability Add-Ons:** Acquire treatment, controls, testing, and outsourced operations businesses and cross-sell their services across the existing customer base. Combining organic growth, service expansion, drilling insourcing, and four to six regional or capability-focused acquisitions provides a potential path from approximately **$3 million to $10–15 million of adjusted EBITDA** in an essential and fragmented sector.