Dirt, Excavation and Road Contractors for Cities and Schools: $21M in WIP - Business for Sale
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Excavation and Road Contracting Firm in Evansville, IN
Evansville, IN, US
Added 1 month ago
Civil Contracting and Excavation Services
Retiring Owner
This business is a civil contracting firm specializing in excavation, utilities, and infrastructure projects for roads and school districts, located in Evansville, Indiana.
Key Information
Asking
$19.3M
Revenue
$30.8M
Earnings
$4.0M
Multiple
4.8x
Key Highlights
- Over $14,000,000 in assets included in the sale
- Work in progress (WIP) valued at $21,000,000
- Business has operated for more than 50 years
- Employee count is 120+, including 3 SVPs, 8 superintendents, 1 office manager, 1 administrator/billing, and approximately 110 laborers
- Client base is 36% municipalities, 22% state government, 23% schools, and 19% commercial clients
- Owner is willing to carry 15% of the purchase price
- CapEx budget is $350,000 due to surplus assets
Contact Info
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