SOLD $1.1M: Profitable Roofing Contractor
About The Opportunity
- Stable, profitable roofing contractor in business with the same owners for almost 40 years.
- Majority of the company's projects include apartment buildings or complexes as well as a few commercial projects.
- Company is known for its commitment to excellence and customer service with many long-term relationships and loyal clients.
- Capable and experienced staff in place.
Other Important Information
Noteworthy Transaction Points
- Transaction closed in 6.5 months.
- Sold for 3x average SDE.
- Sold for more than asking price of $1M.
- Acquired by a strategic buyer looking to grow customer base and service offerings.
- Sellers received an excellent employee package post-close.
Volume of Buyer Interest
- ECG utilized the Exio platform for marketing with a video CIM.
- Business was marketed to over 2,000 potential buyers.
- ECG corresponded with 34 buyers, of which 18 signed an NDA.
- Received three LOIs and ultimately settled on the best acquisition match for the Sellers.
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