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Residential Waterfront Services Platform / ~$4.5M LTM Revenue Company Overview Founded in 2019 and headquartered in the Midwest region of Michigan, the Company is a provider of dock systems, boat lifts, and seasonal installation/removal services for residential waterfront customers within an approximately 50-mile operating radius. The business generates revenue through a combination of equipment sales, recurring seasonal service work, transport, repair, and maintenance services. The Company maintains an embedded recurring revenue model supported by approximately 1,000 recurring seasonal customers who are automatically scheduled each year for dock and lift installation in the spring and removal in the fall. The customer base is highly diversified, with no customer accounting for more than ~2% of trailing twelve-month revenue. Residential customers comprise approximately 97% of revenue. Operations are supported by a structured field organization that includes foremen, crew leaders, installation crews, and administrative personnel. The Company also owns critical operating equipment including trucks and barges used for transport and installation activities. The industry benefits from highly recurring seasonal demand driven by waterfront property ownership and recreational boating participation. The market remains fragmented and locally operated, creating opportunities for regional expansion and consolidation. Key KPIs * LTM Revenue: ~$4.5MM * 2025 Revenue: ~$4.1MM * 2026 Forecast Revenue: ~$5.5MM * Estimated Revenue Growth: ~37.5% * LTM Adjusted EBITDA: ~$728K * LTM Adjusted EBITDA Margin: ~16.2% * Recurring Seasonal Customers: ~1,000+ * Revenue Mix: * 89% Core Dock & Lift Solutions * 9% Transport & Delivery * 2% Repair & Maintenance * Customer Mix: * 97% Residential * 3% Commercial * Service Radius: ~50 miles * Core Employees: ~16–20 annually
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