Executive Summary:
A well-established commercial hydronic heating and mechanical contractor serving the Kitchener-Waterloo Region and Southwestern Ontario. Founded in 1999, the Company designs, installs, and services hydronic heating and mechanical systems for commercial and multi-residential buildings.
Key Highlights:
- 25+ Years of Operating History serving commercial and multi-residential clients since 1999.
- Specialized Engineering Expertise in hydronic heating and mechanical systems.
- Strong Profitability with approximately $525K average annual revenue and ~$321K average SDE over the last three years (FY2023-FY2025).
- Recurring Service Revenue from an established base of roughly 50 residential and 3 commercial accounts, including multi-residential apartment portfolios.
- Owner-Operated, Lean Model supported by a long-tenured office, warehouse employee and trusted subcontractors.
- Asset included- approximately $70K of vehicle, tools, and equipment included.
- Multiple Growth Avenues including plumbing service expansion, recurring maintenance contracts, geographic reach, and dedicated business development.
- Transition Support available from the owner for a reasonable period to ensure continuity.
- Reason for Sale – Retirement.
- VTB – The seller is open to a reasonable VTB to qualified buyers.
