Established Structural Steel Fabrication and Erection Company with Strong Growth

This is an established structural steel fabrication and erection company, operational since 2003, specializing in commercial construction and restoration projects up to four stories tall. The business demonstrates exceptional financial momentum, achieving a 38.5% Compound Annual Growth Rate (CAGR) in revenue between 2020 and 2023, while maintaining average gross profit margins of 25.1%. Client loyalty is high, with 70% of 2023 revenue derived from repeat customers. The company currently holds a strong forward-looking position with over $5 million in open contracts and an additional $1.2 million in verbal commitments as of July 2024. The owners are selling due to retirement and are committed to ensuring a smooth transition. The business is highly relocatable as the 14,400 sq. ft. facility owned by the sellers is explicitly excluded from the sale.