Company Summary
This family-owned irrigation contractor and designer serves residential and commercial customers in a growing, prosperous region of Michigan. It designs, installs, and maintains quality turf irrigation systems at a competitive price, and stands behind its work with exceptional service. The long-tenured team is highly-trained and works with the best tools and equipment in the industry, giving them the ability to handle any size installation or complicated service issue. With over 30 years in the industry, the Company has built a strong reputation that allows it to charge higher than average prices. The Company’s work speaks for itself, leaving little need for sales and marketing efforts. It presents a growth opportunity for an established landscape management company looking for a lateral business acquisition, another irrigation contractor looking to increase market share, or an individual investor looking to own a specialized business. Current ownership is willing to assist new owners through a reasonable transition period.
Growth Opportunities
More outreach – New business currently comes primarily from customer referrals and word of mouth. The Company could benefit from a formal marketing strategy and building stronger relationships with its current customers, as well as participating in winter and spring homeshows.
Unused capacity – Its facility is operating at less than full capacity.
Untapped market share – Business can be expanded by taking on new customers with irrigation systems that have been installed by other contractors.
Investment Highlights
Broad capabilities – The Company’s relatively large size and experienced, capable staff enable it to handle any size installation or complicated service issue with the highest level of customer service.
Strategic investments – The Company has focused on attracting and maintaining a highly-trained staff and acquiring the most modern tools and equipment in the industry.
Pricing flexibility – A strong reputation of over 30 years allows the Company to charge higher than
average industry pricing.
Loyal customers – The Company currently maintains a large recurring list of pre-paid service contracts that are renewed on an annual basis. It also has a database of over 10,000 customers, the majority of which utilize the Company’s services on an annual basis.
High-quality products – It installs only the highest-quality products that the industry has to offer.
Operating efficiencies – The Company utilizes a web-based management platform for customer management, database, scheduling, quoting, inventory management, and dispatching. The platform has the ability to expand to allow for additional growth and efficiency.
2022 Revenue: $4,000,000+
2022 EBITDA: 30%