Provider of Comprehensive Energy Efficiency Services

Northeast US
Business Services; Energy & Power
Client Code: BN000039521
Revenue (Reviewed): $18,020,047
EBITDA (Reviewed): $923,978

An energy-efficient project management company, focused on upgrading lighting and control systems, mechanical equipment, and renewable solutions.

Key Aspects

• Revenue increased by 94.5% from 2020 to 2021

• Average gross profit margins of 30.6% from 2018 to 2021, with revenue increasing at a compound annual growth rate (CAGR) of 7.9% during that same period

• Average project revenue is between $80,000 and $120,000, and typically takes anywhere from one to six months to complete

• No one project accounted for more than 5% of revenue in 2021

• As of December 31, 2021, the estimated contract value rolled into 2022 is $9.1 million

• Most commercial projects qualify for up to $1.80 per sq. ft. of space in deductions via the 179D federal tax program

• By utilizing the 179D tax program, the company has the ability to leverage the same benefits as its municipality projects

• Currently operates in 38 states across the US and Canada

• Experienced staff and leadership with two decades of industry knowledge focused on providing white-glove service and high-quality customer satisfaction

Opportunities

• Focus on expanding current renewable development projects and implement a strategic marketing campaign to increase ESG renewable business

• Continue expanding energy-efficient services offered

• Enable the company’s website with search engine optimization (SEO) to increase digital presence

• Focus on expansion into urban geographies to diversify development locations the company serves, which are, currently, predominantly suburban

• Further develop present technology to support customers’ ESG initiatives and sustainability commitments 

Headquartered

• Northeast US

Current Markets

• The company currently services the commercial market, with a focus on group purchasing organizations (GPOs) and real estate investment trusts (REITs) that own and operate senior & assisted living facilities, educational facilities, municipalities, healthcare facilities, and managed housing facilities throughout 38 states of the US and Canada.

Real Estate

• The company operates from two facilities, including its headquarters located in Northeast US, and an additional office space located in Southeast, US. Both facilities are leased from unrelated third parties.