Trucking Companies
Active
Platform or Add-On: Commercial Fleet Maintenance + TIC / $14.0M Rev
Washington, United States
Asking Price-
Revenue$14,000,000
EBITDA$2,200,000
Cash Flow$2,200,000
Description
COMPANY OVERVIEW
The Company is a two-hub specialty fleet-services business operating at the intersection of two attractive lower-middle-market investment themes: commercial fleet maintenance and testing, inspection, and certification.
From facilities in Washington and Wisconsin, the Company builds, certifies, inspects, maintains, and repairs propane and refined-fuel delivery trucks, cargo tanks, bulk-storage plants, and related equipment. It does not buy or sell fuel; revenue comes from equipment, labor, and parts.
KEY KPIs
- $14.0 million of FY2025 revenue
- $2.1 million of FY2025 adjusted EBITDA
- 15.0% FY2025 adjusted EBITDA margin
- $2.2 million of LTM June 2026 adjusted EBITDA
- 49% of revenue from truck builds
- 51% from service, inspection, plant, container, and mobile work
- Approximately 70 truck builds annually
- Approximately 40 purchase orders for 2027 builds as of August 2026
- Typical backlog of four to nine months
- 45 employees, including 27 technicians
- Two operating hubs
- Approximately 25% to 30% additional capacity at the Washington facility
- Management willing to remain and roll equity
COMMERCIAL FLEET MAINTENANCE + TIC
Federal regulations require applicable cargo tanks to complete annual inspections and leakage tests, together with internal inspections and pressure tests every five or ten years. A tank cannot remain in service after an inspection becomes due until testing is completed.
This regulatory cycle creates recurring customer touchpoints. Inspections frequently generate repair and parts revenue, while the relationship can ultimately produce replacement-truck orders. The Company can build the vehicle, certify it, inspect it, repair it, and replace it.
Specialized credentials, including National Board R-stamp capabilities, FMCSA cargo-tank registrations, registered inspectors, certified welders, and final-stage manufacturer registrations, create meaningful barriers to entry.
BUY-AND-BUILD PLATFORM
The Company provides an attractive starting point for a commercial fleet-maintenance and TIC buy-and-build strategy. The owner has already acquired two established regional businesses since 2025, creating a two-hub operation with shared compliance leadership, technical expertise, supplier relationships, and national customers.
A sponsor could acquire regional truck builders, cargo-tank inspection facilities, fleet-maintenance providers, meter-calibration businesses, bulk-plant contractors, and mobile service operators.
A hub-and-spoke strategy could add local inspection and service centers around the two build hubs. Acquired locations would contribute customers, technicians, certifications, and recurring inspection routes while directing larger repairs and new-build opportunities into Washington and Wisconsin.
STRATEGIC ADD-ON
The Company would also be a compelling add-on for an existing fleet-services, TIC, specialty-vehicle, tank-services, truck-equipment, or propane-equipment aggregator.
A strategic buyer would gain two regional hubs, recurring regulatory demand, approximately 70 annual truck builds, specialized credentials, experienced technicians, and long-standing national customer relationships.
Potential synergies include centralized purchasing, shared compliance resources, expanded road-service coverage, cross-selling, back-office consolidation, and increased facility utilization.
The opportunity combines essential fleet maintenance, recurring regulatory demand, technical barriers to entry, fragmented competition, succession-driven acquisition opportunities, and a management team willing to remain and invest alongside the buyer.
Historical financial figures combine both operations for all periods presented, including periods before common ownership.
Inventory
Included in Asking Price
Business listed by
The Advisory IB
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