This reputable Commercial Electrical Company, based in New York but servicing all of New York and New Jersey, presents a rare opportunity for acquisition. Established over 40 years ago as a family business, this company has been a prominent player in the commercial electrical sector. With a solid client base, a lucrative contract renewal on the horizon, and a dedicated team, this business is poised for continued success.

Key Highlights:

• Long-Standing History: Established over four decades ago, this family-owned business has been serving the New York and New Jersey area with excellence and reliability.
• Successful Transition: In 2012, the reins of the business were handed over from the company founder to his wife, who has successfully led the company since then. However, she is now ready for retirement, presenting a unique opportunity for a new owner.
• Continuity of Operations: All three sons are currently working in the business and are open to continuing their roles under new ownership, ensuring a smooth transition and continuity of operations.
• Lucrative Revenue Stream: The company boasts a stable revenue stream, with estimates ranging from $8-10 million annually and a healthy profit margin of approximately 20%. In 2023 the company had a revenue of ~$8M with an EBITDA of ~$1.6M.
• Anticipated Growth: A significant contract renewal between Ericsson and AT&T is expected to contribute to revenue growth, with projections of $12-13 million over the next five years. As a preferred vendor for Ericsson in the New York and New Jersey area, there’s ample opportunity for expansion within this partnership.
• Experienced Workforce: The company employs a dedicated team of 15-20 employees, including back-office staff and unionized technicians, ensuring efficient project execution and client satisfaction.

Expansion Potential: While the company primarily operates in the New York and New Jersey area, there’s significant potential for expansion, particularly within the Ericsson partnership. With the opportunity to leverage their strong relationship and preferred vendor status, the company could explore new markets and service areas.