Structural Steel Fabricator Located In The Alabama

BUSINESS HIGHLIGHTS Available for acquisition is a structural steel fabricator that focuses on the construct of buildings and also other fabricating needs such as stairs and handrails. Revenue is generated from three main segments that include fabrication (53% of 2020 sales), metal deck (26%) and bar joist (21%). Customer markets include commercial construction (50%), schools and universities (35%) and warehouses and industrials (15%). INVESTMENT APPEAL Ownership Transition—Ownership is interested and willing to remain with the Company after a transaction to facilitate an orderly transition to new ownership and, as appropriate, assist in achieving long-term strategic growth objectives. Strong Earnings Growth—Historical sales EBITDA increased from 2.9% in 2018 to 6.8% in 2020, a compound annual growth rate of 57% . Strong Net Working Capital (NWC)—In 2020, the Company’s unadjusted current assets were approximately $3,718,000 and current liabilities were $2,517,000. The Company’s unadjusted current ratio was 1.5. Reviewed Financial Statements—The Company’s financial statements are reviewed by an outside accounting firm. The use of an outside accounting firm reviewing Company’s financial statements provides greater assurance to the accuracy and credibility of the historical financial performance. Location: Alabama