
HVAC and Plumbing Business Within One-Hour Drive of Toronto - Ref # 4259 (Under LOI)
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This profitable B2B business has been established for nearly 20 years
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Offers complete set of mechanical services including heating, cooling, plumbing, in-house sheet metal fabrication
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Business mainly serves new residential construction projects and has ongoing relationships with many clients
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Business earned a normalized EBITDA of over $1M in YE 2020
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Average revenue over last 3-year period has been in excess of $7M per year
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Over $8M of work in progress on hand
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Revenue is comprised of approximately 70% HVAC and 30% Plumbing work
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Business is on the preferred vendor list of many home builders in Ontario
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Non-unionized staff of over 50 employees including plumbers, refrigeration technicians, gas fitters, sheet metal workers, HR, buyer, warehouse coordinators and senior management
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Senior management is in place and has indicated interest in staying on board upon the sale of business
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Great fit for strategic or financial buyer as business operates with minimal involvement of the owner
