$1.4M Revenue | ~$150–180K SDE | Off-Market Electrical Contractor | Carolinas

The business is a licensed electrical contractor operating in the Carolinas with active licensure across two states. Four years of operating history under the current entity, founder-led, six W-2 employees plus a couple of subcontractors. The owner is the sole master electrician and the entire crew operates under his certification. Revenue mix is roughly 60 percent commercial and industrial and 40 percent residential. Commercial work includes new construction, remodel, lightning protection systems, and recurring preventive maintenance accounts that get serviced on weekends section by section. The differentiated piece is the federal government end market exposure. The company has active federal contract work and has performed work for state and local government agencies in both states it serves. Residential work is split between new construction, remodel, and ongoing service. Revenue last fiscal year was approximately 1.4 million and the company has already done about 750 thousand year to date in the current year, on pace to grow meaningfully over last year. Trailing margins are in the high single digits with SDE in the 150 to 180 thousand range once owner compensation is normalized. Combined owner draw last year was about 52 thousand. Growth has been organic and word of mouth driven with no real marketing spend. The owner described the industry as overwhelming for new entrants and views workforce development as part of his long term role. Equipment is owned outright. Four vehicles, plus a fifth used personally. The shop operates out of the owner's property and the real estate is not part of the deal. Light fixed overhead. The good. Diversified mix across residential, commercial, industrial, and government. Federal and state contract work that is sticky and earns repeat assignments. Recurring PM accounts on the industrial side. Clean equipment base, no debt service drag on the balance sheet. Owner is willing to stay through transition and beyond if the terms make sense and is motivated by training the next generation of skilled labor. Two states of active licensure broadens the addressable market. The bad. The owner is the only master electrician in the business. Any acquirer needs to plan for either retaining him through licensure transfer, sponsoring a successor master, or bringing one in. Revenue scale is modest. Margins are in the single digits and there is real work to do on pricing, estimating discipline, and back office leverage. The owner is doing field work himself, which caps growth until he is replaced operationally. No formal valuation has been done and no price expectation has been set by the seller. Why this is interesting for a searcher or independent sponsor. The government contracting differentiation is rare at this size. The owner has built the relationships that win this work over multiple years and is open to a long transition. A buyer who can professionalize estimating, add a second master electrician, and lean into the federal pipeline has real room to grow this from a sub 2 million business into something materially larger over a typical search hold period. CT Strategic Partners is engaged exclusively on the buy side with the seller and expects buy side compensation from the acquirer at close. The seller pays no fees. We are not brokers and we are not running a process. This is a single buy side introduction made to a qualified acquirer who completes diligence and reaches terms with the owner directly. If this is interesting, reach out by DM or directly at redacted