Road Contractor and Contract Drilling & Blasting Company - BN000053472

The Company is a family owned road contractor and contract drilling & blasting company. The Company’s site development services include earthwork & grading, relocation of material & new roadway, and safety improvements.

Key Aspects

• Approximately 90% of the Company’s 2023 revenue was generated from returning customers

• The Company had 14 contracts in progress at the start of 2024 with the remaining total contract revenue estimated to be $11.2 million and gross profit of $1.2 million

• The Company's adjusted EBITDA grew at a compound annual growth rate (CAGR) of 73.4% from 2020 through 2023 

Opportunities

• Increase bidding efforts on the Commonwealth of Kentucky's increase in government driven road investment

• Expand operating capacity into neighboring geographical regions

• Expand sales and marketing efforts in the drilling and blasting segment 

Headquartered

• Southeast, US

Current Markets

• The Company services several markets across the Southeast. The Company primarily serves the state government end market through its site development services

Real Estate

• The Company operates out of an 18,000 square foot facility located on 15 acres of land. The Company's CEO owns the property through a separate entity and is not expected to be included as part of the sale.