Experience in acquiring an electrical contractor?

September 18, 2024
by a searcher from Pennsylvania State University in Nashville, TN, USA
I'm under LOI with an electrical contracting company (~$5M revenue) that primarily does residential new build installations and some service work as well. I'm curious if anyone would be willing to share their experience in acquiring (successfully or not) a company like this. Specifically, I'm interested in what to scrutinize behind the licensing (which I know is state dependent), cyclicality, margins/cash flow, customer contracts, but I would be curious to hear opinions on anything else that I may want to dig into during diligence. Any advice is appreciated. And of course, if you've done an acquisition like this and would be willing to connect offline to share your thoughts I would certainly take you up on that. Thanks in advance, Nick
from University of Wisconsin in Hopkinton, MA, USA
in Campbell, CA, USA