Acquisition Opportunity: Michigan Commercial HVACR Company RA213
This family-owned Michigan Company provides commercial and light industrial refrigeration and
heating, ventilation, and air conditioning services to a large, diverse and loyal base of customers in a prosperous region of the state. The Company has developed a staff of qualified technicians with a broad array of HVACR skills to serve restaurants, bars, grocery stores, gas station / convenience stores, and agricultural operations of all types. As a stable, profitable business with decades of experienced, skilled technicians and satisfied long-term customers, this Company presents an excellent opportunity for a new owner.
GROWTH OPPORTUNITIES
Adding staff – The Company turns work away during busy seasons, and doesn’t take on new customers unless the Company’s service techs can handle the additional business. Hiring additional qualified technicians would boost revenues.
Sales and marketing – The Company’s owners have intentionally limited the growth of the business to keep the Company at a size that works for their lifestyle.
INVESTMENT HIGHLIGHTS
Maintenance contracts and service work – The Company has preventive maintenance programs in place with more than 170 of their customers. The majority of the Company’s sales are same-day repair, replacement, and installation jobs.
Field service management software in place – The Company utilizes an industry-leading field service software platform to manage day-to-day operations.
Niche expertise – Refrigeration represents approximately 80% of the Company’s sales, and the Company’s highly-trained technicians have specific experience that allow them to work on specialty HVACR applications.
Low customer concentration – No single customer accounts for more than 10% of the Company’s annual revenue.
Strong reputation and customer loyalty – Known as one of the area’s top refrigeration service providers, the Company maintains a base of about 500 loyal customers, many of whom have been clients for more than a decade. The average tenure of the Company’s top 10 customers is more than 15 years.
Continuing education – Staff members regularly receive industry training to remain current on new products and innovations.
2024 Revenue: $2,400,000
2024 EBITDA: $400,000
NDA: https://secure.na4.adobesign.com/public/esignWidget?wid=CBFCIBAA3AAABLblqZhAyASok5IvUyR60Hd6SSFusYglM2-KNp7gFwoycSMlUOqMepv6kONuze-aCuENMKvI