Listings } Tabak

051017 - Significant - Trade Services - $12,500,000

Location. Wellington & Auckland. Ref #051017. $50m+ Forward Work Committed

Major Player

The business has been around for 25+ years and is a major player in the commercial contracting market within their sector. They have the skills, experience and capability to complete large commercial contracts. There is multiple divisions each with their own management team in place. They have an enviable list of blue chip customers that rely upon their services. The business has circa 130 staff which means there is capability to take on and complete large commercial contracts. Their clients rely on this capability.  

Business highlights include:

  • Significant forward work committed - $50m+
  • Well recognised brand with 25+ year history
  • Management structure in place
  • Owners willing to stay and support a new owner
  • Multiple service offerings
  • Wellington head office + Auckland presence

Financial Profile

The business turnover for YE March 2017 was circa $33,000,000. Q1 results for this financial year ($1.3m EBIT) suggest the business will exceed last years performance. There is forward work committed of $50,000,000+. This is significant as they are still responding to and accepting tenders. 

Interested Parties

The Vendor has requested that we heavily qualify all interested parties. We are requested to present potential purchaser summary detail and suitability for approval before release of any information.

 

Sale Price: 

$12,500,000

Net Surplus: 

$3,400,000 - YE March 2017 EBIT

EBIT: Earnings before Interest and Tax

 

ContactBrodie Wilson

Office: Wellington

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