Project: 432
Status: For Sale
Revenue (2022): $5.4 M / 2023F Revenue: $7.8 M
EBITDA (2022): $1 M / 2023F EBITDA: $1.38 M
Location: Alberta
Proposed Transaction: Share Sale

Underground infrastructure contractor serving the utility industry specialized in telecommunication services.

Capable of taking any project from design to completion, the Company offers a versatile scope of services to meet customer needs including hydroexcavation, horizontal directional drilling, underground civil construction, and fiber optic/5G construction. Highlights of this acquisition opportunity include:

➢ High quality, non-union labor force, comprised of dedicated office and field staff including technicians, laborers, and equipment operators certified beyond industry standards.
➢ Strong growth regardless of economic cycles ($2.5M in 2021 to forecasted expectations of $7.9M for 2023; CAGR 77.8%)
➢ Strong operating margins; 22% normalized EBITDA margins (average 2021-2022)
➢ Strong, growing customer base of global and independent energy
and construction infrastructure leaders.
➢ Reputation for integrity and quality.
➢ Established service footprint in Calgary and surrounding greater metropolitan region to benefit from growth.
➢ Positioned for future growth with continued expansion initiatives and increasing fiber optic and related telecommunication infrastructure requirements.

This Company is seeking a qualified acquirer. The owners are prepared to work with an acquirer to promote management continuity and preserve ongoing strategy for a transition period to be negotiated for the benefit of all
parties.

The Company currently leases its operating facilities.