Commercial Rigging and Construction Services Company

Founded more than 50 years ago, the company is a privately owned commercial rigging, hauling, storage, and crane services business in the Washington, D.C., Metro area. It has performed projects for high-profile general contractors, government agencies, museums, and Fortune 1000 clients who trust it with complex projects.

The company has built a strong reputation with repeat customers in the industry and region, such as Turner Construction, GE Medical, and various government agencies. The company is poised for acquisition with a $2.4M backlog and many high-potential bids in the marketplace. Key employees are willing to accommodate a transition period or employment contracts.

Employees: The company has 17 employees, including the President, and has a union-based workforce, which is key to accessing the client base.

Location: Washington DC Metro, 12-Month Lease, expiring July 9, 2025, $39,000 monthly.

• Triple Net: Annual Real Estate Taxes $55,000. /Annual Insurance $8,000. / Annual Utilities $23,000;  (6) Month Extension Option at the same monthly lease amount.
• 40,000 sq. ft. warehouse / 5,000 sq. ft. office space / Total yard space 4 acres

Business Highlights:

• The business has a strong team with an excellent regional reputation.
• Machinery and equipment have been valued at over $900K.
• Profitable, with excellent cash flow and ability to expand services and regions.
• Word-of-mouth referrals keep the business busy without advertising.
• Easily expandable services in a high-growth region with access to high-profile customers.

* The Presidents salary has been normalized as an add-back for EBITDA.