Paving Company
Southeast US
Construction
The Company is a paving company that provides asphalt, concrete, and striping services, with a specialization in the construction of curb and gutter.
Key Aspects
• Revenue and adjusted EBITDA grew at compound annual growth rates of 27.2% and 43.3%, respectively, from 2019 through 2023
• Average gross profit margin of 40.9% from 2019 through 2023
• The Company serves industrial, commercial, governmental, and residential customers
• Over 50 years of operating history
• Management estimates that 85% of revenue derived from repeat customers in 2023
• Accredited to bid on and perform work with Georgia and South Carolina’s Departments of Transportation (DoT)
Opportunities
• Expand residential offerings to gain additional clients
• Increase online visibility to reach more potential customers by making the company website search engine optimized (SEO)
• Capitalize on its local ports authority's expansion to gain additional projects
• Utilize newly purchased concrete batch plants to lower materials cost
Headquartered
• Southeast, US
Current Markets
• The company currently serves industrial, commercial, governmental, and residential customers throughout its home state and a border state
Real Estate
• The company operates from a 2,500 sq. ft. facility on five acres of land leased from an affiliated entity
• The company leases an additional five-acre property from the affiliated entity and a three-acre property from an unrelated third party