Tupelo Data Room
Electrical & Mechanical
Active

Electrical Substation Designer, Packager & Engineering Firm

Cuyahoga County, Ohio, United States
Asking Price$8m
Revenue$11.01m
EBITDA$2.13m
Cash Flow$2.13m
Description
The company was founded in 1965. In 1983, the founder's son purchased the company, which he owned until 2016, when the current owner acquired the business. The company has supplied products and services to over 5,000 substations ranging from 7.5 kV to 500 kV and up to 8,000 amperes. The current staff comprises registered professional engineers, designers, CAD operators, and a supporting team of experienced specialists in the substation field. The owner is a licensed Professional Engineer (PE). Since the current owner acquired the company, they have grown the business from $3.5 million in revenue to over $11 million annually in under 10 years. The current owner seeks to sell the company to an entity that can build upon its success and take it to the next level. The owner wants to ensure the business's continued success and will stay on for 3 to 5 years to assist the new owners in doubling their size.
Real Estate
Leased
Building Size: 13 sq. ft.
Number of EmployeesFull-Time: 11Part-Time: 3Contractors: 3
Year Established
1965
Reason Selling
The current owner seeks to sell the company to an entity that can build upon its success and take it to the next level. The owner wants to ensure the business's continued success and will stay on for 3 to 5 years to assist the new owners in doubling their size.
Support & Training
The current owner seeks to sell the company to an entity that can build upon its success and take it to the next level. The owner wants to ensure the business's continued success and will stay on for 3 to 5 years to assist the new owners in doubling their size.
Growth Opportunities
The company's management has outlined several ideas and market conditions that can be considered to expand growth opportunities for their Electrical Engineering Services. • Even though user demand has increased, investor-owned utilities are reducing their workforce, which will provide additional growth opportunities. • Provide additional, larger electrical equipment for the company • Expand utility engineering services due to industry shortages, leveraging 3D Modeling • Provide engineering, design, & packaging services for the Telecom Industry
Asking Price$8m