Full-Service Mechanical Contractor (HVAC, Plumbing, Fabrication) - Northeast US

This is a well-established, full-service mechanical contracting business with over 30 years of experience, specializing in HVAC, plumbing, sheet metal fabrication, and maintenance services for both commercial (70% of revenue) and residential (30% of revenue) clients. The company boasts impressive financial growth, with revenue and adjusted EBITDA achieving CAGRs of 19.1% and 39.2% respectively from 2020 to 2023. As of May 2024, year-to-date collections exceeded $8.9 million, with sales projected to surpass $20 million for 2024. A significant recurring revenue stream is generated from over 580 active maintenance agreements. The business operates from an 18,500 sq. ft. facility owned by an affiliated entity, with an additional 4,800 sq. ft. for overflow, and the real estate ownership is open to inclusion in the sale or long-term lease. The owner is seeking to sell to pursue other interests and is willing to stay on for a transition period, supported by an existing succession plan. Opportunities for growth include expanding plumbing services, entering larger metropolitan areas, diversifying offerings, and increasing high-margin residential replacement sales.