Dirt, Excavation and Road Contractors for Cities and Schools: $21M in WIP - Business for Sale
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Civil Contracting and Excavation Firm Serving Municipal Clients
Evansville, IN, US
Added 4 months ago
Civil Contracting and Excavation Services
Absentee / Semi-AbsenteeRetiring Owner
Civil contracting firm specializing in excavation, utilities, and infrastructure projects for municipalities, state governments, schools, and commercial clients, operating throughout Virginia, West Virginia, and Kentucky, based 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
- $21,000,000 in work-in-progress (WIP)
- Business has operated for over 50 years
- Client base: Municipalities 36%, State Government 22%, Schools 23%, Commercial clients 19%
- Team includes 120+ employees: 3 SVPs, 8 superintendents, 1 office manager, 1 administrator/billing, and approximately 110 laborers
- Owner is willing to carry 15% of the purchase price
- CapEx budget is $350,000 due to surplus assets
- Operations cover Virginia, West Virginia, and Kentucky
Contact Info
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