Based in Southern England

Overview

Specialising in building and installing utility infrastructures, the Company’s main work consists of upgrading existing gas networks with the installation of new pipelines and services.

Alongside this, the business works for other utility providers installing new high-voltage and low-voltage electrical cables, water mains, and communication/telecoms ducts.

Operating in an industry that has high-level entry requirements, the company has gained all of the relevant accreditations to work across a broad range of sectors within the utilities industry, and work directly for network owners, which has led to strong, long-standing relationships with a multitude of clients.

Our clients are now offering the business for sale due to personal reasons, to facilitate retirement plans, and to have a better work–life balance.

Offers invited.

Key Highlights

– Provides its services to the gas, electrical, oil, and groundworks sectors, working with clients on a national basis.

– Also generates revenue via the installation and upgrading of cathodic protection systems to cross-country fuel pipeline and fuel terminals, which transport and store commercial and military fuel.

– Currently works with 14 active clients, 80% of which provide reliable streams of ongoing revenue.

– Rich portfolio of prestigious and blue-chip clients.

– Experienced team in place, which includes Managers, Engineers, and Supervisors.

– Operates from leasehold premises and a free-of-charge yard.

Financial Highlights

-Turnover in excess of £2.3m for YE23, with an adjusted EBITDA of £615k.
– YE24 management turnover of £7.1m with an adjusted EBITDA of £850k.
– Turnover is projected to reach £12m in YE25.

– In April 2024, the company is expecting a substantial award of work from two major clients. These orders will range from a few thousand pounds and into the millions.

– Current pipeline of circa £9m.

– Expects to generate £10–£15m in YE25 due to the onboarding of another large client.