New Listing

Underground Utility Contractor

This certified underground utility contractor is headquartered in Midwest, specializing in water main replacement, lead service line replacement, and sanitary sewer construction. Operating under a self- perform model, the company deploys its own skilled labor and specialized equipment across the Midwest metropolitan area, drawing on over 40 years of combined industry expertise.

 

The company has maintained an uninterrupted working relationship with its sole utility client for over 30 years, currently operating three to four field crews generating $3.0M+  in annual revenue. With over 80% of employees having supported the same primary client for 15 or more years, the deeply tenured workforce represents a competitive advantage that is difficult to replicate.

 

Investment Highlights

  • Full equipment package valued at ~$2.0M transfers with the business; full operational capacity from day one
  • Certifications provide preferential procurement access to federally funded infrastructure contracts
  • Experienced project manager, field superintendent, and crews all expected to remain post-transaction
  • Federal lead service line elimination mandates ensure non-discretionary, recession-resistant revenue
  • Immediate opportunity to double revenue to ~$6.0M by adding crews within existing contract framework

 

Growth Opportunities

  • Grow revenue from ~$3.0M to ~$6.0M by adding crews within the existing contract framework — no new clients needed
  • Expand sanitary and storm sewer work, currently ~25% of revenue, to capture greater share of client spend
  • Long-term potential to replicate the current model in other Midwest markets with similar utility infrastructure profiles
  • Introduce emergency repair and rapid-response

 

Financial Information

 Revenue  Cash Flow
2025  $3,818,235  $1,072,800
2024  $4,005,147  $1,339,827
2023  $3,355,474  $1,527,140

 

** For more information regarding this Underground Utility Contractor for sale, click the link below. IBA requires a A Non-Disclosure Agreement signature before details can be disclosed**

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Reason For Sale
Seller is seeking to reduce operational burden
Year Established
2016
Location
Midwest
Cash Flow
$1,072,800
Revenue
$3,818,235
Listing #
N2239
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