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Rapidly Growing HVAC Company with Maintenance Contracts

Wilmington, North Carolina
    • Asking PriceUndisclosed
    • Revenue$7,783,155
    • EBITDA                                           $2,149,916
    • Inventory$400,000
    • FF&ETBD
    • REAL ESTATE$1,000,000
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CONTACT THE BROKER

Jonah P- Reduced
Jonah Pollone
919-263-2550

Business Description

Attractive opportunity to buy a growing HVAC company with management in place.

The owner has exciting plans for continued expansion and is looking to sell the business via a majority recapitalization to an enthusiastic private equity group or strategic buyer.

Reliable technicians and installers, nationally recognized HVAC systems, and a growing number of annual maintenance contracts set this company apart from its competitors. With the continued involvement of its dedicated owner and the right buyer, this company is primed to continue the rapid growth it has seen in the last three years.

Financial Summary:

• 2022: Revenue: $7,783,155 | Earnings: $2,149,916
• 2021: Revenue: $4,641,083 | Earnings: $424,449
• 2020: Revenue: $3,262,888 | Earnings: $457,630

  •  
  • Revenue by Class - 2022:
  • • Existing structure installs: 46%
  • • New construction installs: 37%
    • Maintenance and Repairs: 16%

 

  • Opportunity Highlights:
  • • Excited and knowledgeable owner looking to grow the business• Many years in business
    • Diversified revenue mix of service, installation, and construction
    • 2,000 annual maintenance plan members
    • Relationships with prominent tract home builders
    • Experienced technicians and quality staff

  • The real estate is available for sale and offered by MidStreet Realty. Ownership is open to selling or leasing the facility to a new owner.
  •  
  • Buyers must demonstrate financial capability and industry experience. More
  • information available upon initial interview and signing of a non-disclosure
    agreement. To learn more, contact Rogan Munro-Foulis at MidStreet at
    rogan@midstreet.com.
GROWTH & EXPANSION

While the company continues to benefit from the growth of its surrounding market and service area, other opportunities include organic market area growth, potential to promote from within, facility expansion, and greater share of surrounding markets.

Inventory

Included in the sale price. 

Facilities

Offered by MidStreet Realty for sale or lease. Inquire for more information.

Competition

While competition in its market area exists, this business has set out to offer a higher level of service and expertise than any of its competitors in the area. 

Reason for Selling

The owner is seeking the help of a financial or strategic buyer to help maintain the business’s rapid growth as a new majority owner.

KennyStrickland-1

Completed Transaction: Highland Construction

Kenny Strickland was the leader of much more than just a business. He was the leader of his people, his industry, and his family. For years he considered selling, and finally made the decision to step away from Highland Construction. 
 
See Their Story