The company being offered for sale could become the next WM giant… Waste Management Inc. was founded in 1968, its revenue was around $5 million, and as of 2023, the company's annual revenue stands at approximately $20.4 billion.
N1BB is pleased to offer for sale a waste treatment business whose doubled sales over the past year and its growth is expected to continue long into the future.
Water waste, treatment and maintenance is one of the fastest growing industries today. This company provides waste management services to a large and diverse municipal and commercial customer base. There is a significant demand from municipalities due to aging infrastructure, and compliance requirements. The company for sale offers digester, clarifier, lagoon, pond, and tank cleaning, as well as dewatering. They have crews working year round and are OSHA-10 certified.
The owner has reached retirement age and is ready to hand over the business to a new owner who can grow it into the future. The company has seen significant growth over the last year, and it will keep growing. The industry's growth is driven by increasing environmental concerns, stricter regulations and a growing need.
GROWTH OPPORTUNITY: Until now growth has been achieved organically through word of mouth, any serious marketing effort including attendance at trade shows would yield opportunities to increase growth. Another area for significant growth lies in the dewatering segment. Currently, the company only focuses on two segments of that market. Expansion opportunities for dewatering projects are available in Agriculture, Food Processing, Oil & Gas and more in Construction. The dewatering market in the United States was estimated at $3.3B in 2023. The CAGR on growth in the business is targeted at 2.4 percent from 2023 to 2030.
A new owner will reap the rewards of a company built on a reputation for top quality and service at the optimal point in time. The company has been realizing incredibly consistent, year-over-year growth with this year (2024) being 50 - 60% higher than last year, and they are on track for $5 million MORE in revenue in 2025, bringing total expected revenue to around $12 million. The Seller states a true NET profit margin of around 30%.
INVENTORY: The business comes stocked with inventory including polymer and many spare parts.
EMPLOYEES: The Company has 22 key employees (all W2)
Full management team in place; Corporate Secretary, Administrative Assistant, Bid Management, Operations Management, Lead Technicians, environmental technicians and drivers.
In addition, there are W2 employees to help deal with the rapid growth experienced by the company. They have a large pool of qualified independent contractors on an as-needed basis.
The company has also been successful in functioning as a subcontractor to rivals and competitors.
OWNER’S ROLE: Current owner primarily helps prepare job bids, makes personnel decisions, reviews and approves all equipment purchases.
Features Include: a spacious layout of 60’ x 100’ with high 16’ ceilings, two offices on the first floor (12’ x 16’ each), a bathroom and utility room and there is another office on the second floor (16’ x 32’)
This is an ideal acquisition for a buyer who already has existing operations in this space or has other operations that this integrates into. The seller is asking around 5X current EBITDA (or 2X - 3X near term projected EBITDA). He is looking for a well-capitalized, serious buyer who knows and understands this space and can continue streamlined servicing for a broad (and quickly expanding) portfolio of customers.
SELLER IS NOT OPEN TO EARN-OUTS. Regarding seller financing, he may hold a small note to ‘have some skin in the game’ but only for a buyer who is putting almost all the cash down at closing and can show proof of funds up front.
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