Paving Company

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 grew at a compound annual growth rate of 10.5% from 2019 through 2022

• Average gross profit margin of 40.9% from 2019 through 2022

• The company serves industrial, commercial, governmental, and residential customers

• Over 50 years of operating history

• Approximately 90% of revenue is derived from repeat customers, according to management

• Accredited to bid on and perform work with its home state and a border state'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