Add-On: Billings, MT / Horizontal Directional Drilling / $533K EBITDA

Billings, Montana, United States

Asking Price-

Revenue$1,570,000

EBITDA$533,000

Cash Flow$1,570,000

Description

Add-On Opportunity: Billings, MT Based / Horizontal Directional Drilling / $1.57M LTM Revenue / $533K Adj. EBITDA / Utility & Fiber Infrastructure Founded in 2017 and headquartered in Billings, Montana, the Company is a horizontal directional drilling contractor installing conduit and pipe beneath roads, rivers, rail lines, and existing utilities. Approximately 95% of its work supports natural gas, electric power, fiber, and telecommunications infrastructure, with additional water and sewer projects. The Company operates throughout Montana and has completed projects in Wyoming and Idaho. Work is performed primarily for the general contractors holding maintenance and construction contracts with major utilities and telecommunications carriers. The Company is an established drilling subcontractor across 10 to 11 Montana divisions of one principal contractor and also supports large rural-fiber programs. Key KPIs • $1.57 million of LTM July 2026 revenue • $533,000 of LTM adjusted EBITDA • 33.9% LTM adjusted EBITDA margin • $359,000 of LTM reported EBITDA • 28.3% year-over-year revenue growth during the first seven months of 2026 • $2.00 million of revenue generated by one crew in FY2024 • 65,255 feet bored in FY2024 • $34.66 of revenue per foot bored in FY2025 • One three-person drilling crew • Five year-round employees, including the owner • Product capability ranging from 1-inch to 14-inch pipe and conduit • Projects completed across Montana, Wyoming, and Idaho • 32 bore jobs listed on a utility-contractor work sheet in September 2026 • New Vermeer D40X55 directional drill purchased in 2026 • Owner intends to remain and continue leading the business The Company prices work by the foot based on conduit size and ground conditions. Separate rates apply to dirt, smaller cobble, larger cobble, and solid rock. Electronic bore logs document footage, depth, and pressure for each shot and support invoicing at the applicable contracted rate. The crew provides a complete crossing solution that includes utility locates, permitting, traffic control, potholing, drilling, product installation, and restoration coordination. Its capabilities extend from single fiber conduit to bundled power conduit, gas sleeves, and water lines as large as 12 inches. Compelling Add-On Opportunity The Company is an exceptional add-on for an existing underground utility, directional-drilling, telecommunications-construction, or utility-services platform seeking to enter or expand within the Mountain West. An acquirer would gain: • An established Montana operation with projects across three states • A proven drilling crew with long-standing field leadership • Relationships with contractors serving major electric, gas, fiber, and telecommunications networks • Immediate access to Montana utility and rural-broadband spending • A newly purchased primary drill and supporting fleet • Per-foot pricing supported by electronic job records • Experience across soil, cobble, and rock conditions • A founder who wants to remain and lead continued expansion The customer base is concentrated at the contractor level, but those contractors manage numerous utility programs, divisions, geographies, and individual work orders. A larger platform could absorb this concentration within a broader customer portfolio while preserving access to the underlying utility and telecommunications work. Growth Opportunities The Company currently operates only one drill crew despite having produced $2.00 million of revenue and 65,255 bored feet with one crew in FY2024. Management’s growth plan includes: • Add a second drill crew at an estimated investment of $600,000 to $1.0 million • Promote the current foreman to superintendent over two crews • Add a vacuum-excavation truck for internal use and third-party rental • Expand solid-rock drilling capabilities • Add trenching and plowing to capture more scope on rural-fiber projects

Inventory

Included in Asking Price

Business listed by

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Related Categories

heavy construction company for Sale

•Business for Sale in Montana