Field-installed commercial construction technology business serving an underpenetrated US market. The Company operates nationally and has been in business for under 4 years with an exclusively offline direct sales model that scales predictably with sales hiring. Each incremental sales hire acquires new customers at a steady, measurable pace across a market where adoption remains in the low single digits, and the growth runway is substantial. The Company’s patent-pending solution carries an approximate 45%–70% cost advantage over legacy alternatives, achieved through a fundamentally simpler approach requiring significantly less labor, a pricing advantage that is converting a historically underserved market into a fast-growing revenue opportunity.
Investment Highlights
- Market expansion. Adoption remains in the low single digits as a percentage of the addressable US market, primarily because legacy alternatives have been substantially higher cost. The Company’s approximate 45%–70% pricing advantage makes adoption economically rational on projects that previously went without any solution entirely, expanding the total addressable market rather than competing for existing share. The runway for continued adoption growth remains substantial.
- Revenue momentum. Trailing 12-month year-over-year revenue growth stands at 176%, underscoring the momentum in the business today. The Company grew from its first customer to 74 customers in under 4 years, with new customer additions remaining consistent throughout, reflecting a repeatable and scalable sales execution.
- 147% Net Revenue Retention. Customers who experience the Company’s solution on early projects expand their usage over time, and the combination of quality and an unmatched cost structure makes switching away economically irrational.
- Strong unit economics. The Company generates an approximately 36% EBITDA margin and approximately 46% variable profit margin on trailing twelve-month revenue, with the former expanding as revenue scales faster than indirect costs.
- Scalable, asset-light model. The Company’s physical footprint is minimal, a small office and warehouse. Capital expenditures have run at approximately 0.2% of revenue, reflecting a business model where field crews drive revenue growth with negligible capital requirements.
- Large near-term pipeline. The Company had $19.3M of quotes awaiting approval as of April 2026, reflecting a step-change increase in inbound bid activity over the prior year.
- Minimal owner involvement. The owner spends under 5 hours per week on the business, with production, sales, and administration running independently, a management structure that carries forward seamlessly under new ownership.
- Defensible technology moat. The patent-pending technology, combined with fire-safety certification requirements, creates an estimated 2–3-year replication timeline for any well-resourced competitor. A provisional filing was initiated in 2023, with a PCT international application filed in 2024. Track One expedited examination is underway, with a full grant expected within 8–12 months.
Operations & Transition
A stable, experienced team runs all day-to-day functions across production, sales, and administration. The owner is available for a transition support period, and the business is operationally ready for a new owner on day one. This is a well-suited acquisition candidate for an acquirer seeking a differentiated, high-margin construction technology platform with a defensible IP moat and significant room to grow.
