MergerPlace

Leading Rigging & Crane Services

New York


  • Asking Price: $10,000,000
  • Gross Income: $11,887,200
  • Cash Flow: $4,932,227
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $2,280,333
  • Listing ID: #218268
  • Established: 1995
  • Employees: 13

Business Description

The leading crane and rigging services company in the NY metro market. They have experienced management in place have extensive equipment including cranes of all kinds, man baskets, trucks and rigging. The company is positioned for growth over the coming years as construction activity in their territory grows. The construction sector continues to expand with new projects and this business also has a unique niche because of their diversified client base. Perfect for related companies looking to expand or PE groups looking for a platform company with great financials. Serious inquiries only.


Business Details

Primary Business Category: Construction - Heavy
Location: New York

Company Information

Year Established: 1995
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 13

Financial Information

Asking Price: $10,000,000
Gross Revenue: $11,887,200
Cash Flow: $4,932,227
FF&E: $2,280,333
Seller Financing Available: No

Property Information

Facilities:

The business is housed in an industrial building with shop yard. Includes a storage building, offices and shop yard for trucks/equipment/inventory. Great location with lots of visibility and easy access to all highways.

Growth & expansion opportunities:

Potential for growth is really strong and future plans are in place.

Competition:

The industry is a very mature market with friendly competition established over a generation. This business has many expansion opportunities that new ownership can take advantage of after a sale.

Reason for selling:

Owner is preparing for retirement in a couple years and wants to transition the business over to new ownership. The owner is willing to stay on for a 1-2 year transition period and will be active as a consultant beyond that if necessary. The business is poised to continue growing over the next few years as the clients and industries they work in will be expanding in the New York Metro area for years to come.

Support & Training:

Will train for 2 weeks @ no cost. This company is the turnkey solution for all rigging and crane operations. They have an impeccable reputation and their safety record is stellar. They are the go to business for complex projects and for the best equipment.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Daz Connell

Murphy Business Brokers