Location: Greater Toronto Area
Industry: Services & Contracting
The company is located in the Greater Toronto Area and provides HVAC (heating, ventilation, and air conditioning) services for new home construction projects.
The business has a unionized workforce and excellent reputation among the largest builders in Ontario, with long-standing relationships already in place. The business generates revenue primarily through invitations to bid on projects and referral work by a stable of loyal customers due to its quality of work and customer service.
The business has trained HVAC technicians. All the technical workforce of the company is fully certified and highly experienced. Overhead and fixed costs are kept lean ensuring competitive pricing.
Revenue has grown by a compounded annual growth rate of 58% over the last 4 years. Industry tailwinds and political goodwill ensure continued growth in new home residential construction which will continue to benefit the business.
This is an ideal acquisition for a company providing complementary or synergistic services to the new low-rise construction industry (i.e. electrical, general contracting, insulation, etc.). Also, this is a potentially good fit for another HVAC business interested in expanding its services to new construction and building on the company's strong relationships in the industry. A share transaction is to include a normal amount of working capital. Customary transition and training will be provided by the current owner. Market Offers will be reviewed.