This acquisition opportunity is for a 41-year, well-established and highly reputable electrical contractor business located In Monterey County.
The business’ specialties include vacuum coolers, greenhouse engineering services, greenhouse wiring, environmental control, temperature control systems, generator installations, and other services common to the agricultural clients.
For industrial clients the company provides conveyor wiring solutions, energy efficiency solutions, harmonic installation, specialty voltages, lighting retrofit, and PLC solutions.
Commercial services offered include breaker boxes, GFCI outlet installation, office electrical solutions, outdoor illumination, power outlet installation, and safety inspections.
Located in Monterey County, the service area also covers the surrounding counties of San Benito, Santa Cruz, and Santa Clara. This company primarily caters to the agricultural industry withing these regions.
The demand for quality electrical services in this area is growing with many contractors are experiencing a backlog of booked work. Growth potential is nearly unlimited, especially if the company expanded services into the residential market as well.
Included in their book of clients are Dole and Tanamura & Antle (two of the largest growers in California,) which together account for roughly 40% of their business. Both of these large, ongoing client contracts require a large portion of the full list of services offered by this company. Industrial customers range from manufacturing facilities to warehouses, and everything in between, which accounts for another 40% of their business. The remaining 20% of business comes from smaller commercial accounts and some residential customers.
There is 1 superintendent who manages 4 foremen and handles most of the bids and purchasing supplies. The 4 foremen schedule the individual jobs and assign the different tasks to the 12 certified journeyman electricians and 3 apprentices, who in turn perform the electrical work and labor.