Real Estate Available
Project GOLDMINE provides site development and utility infrastructure installation services to commercial developers, municipalities and utility providers in a major Southeast metro area. GOLDMINE excels at solving complex logistical problems in dense urban areas needing development and infrastructure installation or repair. The Company offers customers a diverse, turnkey set of services including pipe and utility installation, erosion control, curb and gutter, grading, detention, and storm water systems. GOLDMINE self-performs most of its work and provides customers with a single source for all their infrastructure and site requirements.
A long-tenured, experienced management team leads GOLDMINE today and delivers consistent profitability. Many executives bring more than 20 years experience. The Company currently has more than $12MM of contracted backlog heading into 2019.
The founders are at retirement age and seek the right buyer to benefit from the strong management team and consistent customers. The ideal buyer brings relevant site development and/or utility installation experience to support continued growth. Customers include utility companies, large developers, municipalities and other government agencies.
GOLDMINE operates from an attractive ±4,500 s.f. brick office building and separate equipment shop located in an industrial park. The real estate is owned by the shareholders of Seller and available.
Market Outlook / Competition
Increasing urban population density and aging domestic utility infrastructure offer strong industry tailwinds for GOLDMINE. As the metro market the Company operates in grows, so does the need for GOLDMINE’s turnkey, urban site development services. Likewise, municipalities increasingly repair, replace, and upgrade existing water and electric infrastructure to support this growth. Typically, the Company is invited to a private, highly qualified bidders' process that includes only 2-3 local competitors. Again the work includes more complex, higher margin, specialized projects, GOLDMINE is well-positioned to capitalize on these opportunities given the company's relationship with higher-end, well capitalized commercial developers, municipalities and utility customers.