Versatile Scaffold Company with 95 Continually Recurring Clients!

May 25, 2022
by an intermediary from University of Kansas in Omaha, NE, USA
The purchase of this scaffold company includes $2M of
current backlog, $1.7M of works in progress, and over
$14.8M in combined assets! This scaffolding company is
able to offer a wide range of services thanks to the 60+
skilled employees on staff. Services include installation,
dismantlement, rental, or sale of frame scaffolding, system
scaffolding, shoring scaffolding, and hydro mobile
platforms. 60% of current revenue comes from equipment
rentals. With a total client base of 500, 95 of which are
continually recurring, including general contractors,
concrete & masonry, demolition, and repair & installation
contractors, there is no shortage of projects! This company
is currently operating at a 31% profit margin and currently
is not allocating much funding or effort towards marketing
or progressive growth, meaning a new owner has
immediate room for expansion if desired.
Looking at the financials, this business was able to
continue successfully in 2020 when COVID hit due to the
amount of projects already on the table. Things slowed
down in regards to getting new contracts though, so there
wasn’t as much backlog going into###-###-#### They also
moved locations January of 2021, which of course took
man power and time to achieve. The business is currently
back on track in 2022!
Boasting $4.5M in hydro mobile inventory (96), they are far
ahead of their competitors who only have 1-3 units. They
also offer 3D drawings on more complex projects which
differentiates them in the market. In addition, the recently
passed US infrastructure bill caters to this company’s core
customer base and will certainly increase their revenue in
the coming years.
This company does little to no marketing or advertising due
to their recurring clients. A new owner could absolutely
grow by simply adding a marketing and sales plan. This
business has a sister company (23% of revenue) that is
Union based. In any given month, they have around 150
work orders and their large projects that go for longer than
one year are greater than $1M in value.
The current workload consists of 40% construction, 30%
restoration, and 20% industrial. At any given time, they have
anywhere from 45 – 60 employees with 7 of them in the
office, 12 in the yard/shop, and###-###-#### laborers. Two of the
owners focus primarily on sales; the third owner manages
day to day business. They are currently transitioning
responsibilities to other employees. Priced at $18,500,000,
this is a business that is positioned to grow in the scaffolding
space through acquisition of more inventory and expansion
into different cities.
from New York University in Washington, DC, USA
Please send me an email. This listing and a few others that you have posted are interesting to redacted