New Deals: An industrial thermal equipment manufacturer, plumbing and heating business, and 3 other finds

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NEW DEALS

These deals span the country. For custom-sourced deals in your area, click here.

1/ Commercial Electrical Business

📍 Location: California
💰 Asking Price: $4,200,000
💼 EBITDA: $800,000
📊 Revenue: $4,000,000
📅 Established: 2000

💭 My 2 Cents: Even during economic downturns, electrical maintenance and repairs are essential and not easily deferred. This particular commercial electrical and lighting contractor has an especially strong presence in the multifamily housing sector, sporting long-term relationships with large regional developers and property managers. What I like is that these clients often require 24/7 operational uptime and need ongoing maintenance and repair, which can lead to long-term service agreements. Their revenue is driven by a combination of daily service calls (which suggests a high volume of repeat or contract-based work) and large lighting jobs, providing both reliable cash flow and major project upside. I’d want to know what % of revenue comes from the top 5 developers or property managers, % of revenue that comes from service calls vs. lighting jobs, their current backlog and pipeline, the standard terms of their service contracts, how many electricians are on staff, and if the business is dependent on a single master electrician license holder. The seller is committed to assisting with a transition, including transferring key vendor and client relationships, so this looks like an attractive turnkey opportunity.

2/ Plumbing & Heating Business

📍 Location: New York
💰 Asking Price: $2,650,000
💼 EBITDA: $950,000
📊 Revenue: $4,000,000
📅 Established: 1963

💭 My 2 Cents: Regular readers know I like diversified service companies, as their different offerings can reinforce one another and lead to greater client lifetime value. This business, in operation for a remarkable 60+ years, handles both plumbing and heating services for residential, commercial, and municipal clients across Westchester and neighboring counties. What immediately stands out is a contracted pipeline exceeding $6M over the next 24+ months. Other clear positives include a strong team, featuring seasoned managers and plumbers, as well as $175K in FF&E and $850K in real estate included in the sale. I also see significant upside potential in adding HVAC to their current service offerings. Finally, the seller is willing to stay involved for 3–4 years, providing unique continuity and mitigating transition risk. However, I’d want to dig into the specifics of that contracted pipeline, including whether there’s any client concentration risk. I’d also want to understand how much recurring revenue comes from municipal contracts, how many techs are on staff and whether any are nearing retirement, and the age and condition of their vehicles and specialized equipment. In the end, in a tight-knit community like Westchester, trust is hard to build and easy to lose, and this company has already cleared that hurdle.

3/ Industrial Thermal Equipment Manufacturer

📍 Location: Southeast
💰 Asking Price: $2,199,000
💼 EBITDA: $487,000
📊 Revenue: $3,500,000
📅 Established: 1969

💭 My 2 Cents: Industrial thermal systems are mission-critical in sectors like aerospace, defense, medical devices, semiconductors, and advanced manufacturing. This company specializes in manufacturing ceramic and other high-performance heaters, along with complementary accessories such as temperature sensors and controllers. They are ISO 9001:2015 certified and meet the requirements for the EU’s CE mark of approval, credentials that are often mandatory for large OEM clients and create meaningful barriers to entry for less sophisticated competitors. They also operate out of a spacious, well-equipped multipurpose facility and come with $2.2M in specialty equipment and other FF&E included in the sale. If that valuation holds, the asset base alone could cover the full purchase price, offering a compelling margin of safety. I’d want to understand who their top customers are and whether any pose a concentration risk, which industries they serve and whether those sectors are growing or contracting, and if they have established sales channels such as reps, distributors, or OEM partnerships, or if revenue is primarily driven by inbound orders from legacy relationships. I’d also want to know if the business relies heavily on a few veteran technicians or tribal knowledge that could be difficult to replace. The owner recently passed away, and the family is now selling the business, but the current leadership team is willing to remain onboard and could support a hands-off or absentee buyer, which meaningfully reduces transition risk.

4/ Pool Construction and Maintenance Business

📍 Location: California
💰 Asking Price: $4,000,000
💼 EBITDA: $1,100,000
📊 Revenue: $8,300,000
📅 Established: 1980

💭 My 2 Cents: This well-established company has become a recognized leader in custom swimming pool design, construction, and maintenance in their Northern California market. I really like their team of 34 employees, their multi-decade track record of profitability, and their location in an affluent area where they can cater to wealthy customers, since the luxury segment typically commands stronger pricing power and healthier margins. While construction is seasonal but high-margin, maintenance contracts provide stable, recurring year-round revenue, helping to balance cash flow. I always like when one side of a business feeds the other, so their construction jobs should continue to bring in new maintenance work and with it sticky, long-term client relationships. I’d need to understand their revenue and earnings breakdown across service lines, how many signed projects are in the queue, the average job size and timeline from design to payment, and who holds the contractor license. On the service side, I’d want to know how many pools they’re actively servicing and what the average annual contract value, churn rate, and pricing flexibility look like. This kind of business is attractive if you’re looking for a blend of high-margin custom projects and predictable recurring income.

5/ Landscaping Business

📍 Location: California
💰 Asking Price: $2,200,000
💼 EBITDA: $780,226
📊 Revenue: $2,142,592
📅 Established: 1979

💭 My 2 Cents: I’m always drawn to landscaping businesses in regions like Southern California, where the temperate climate supports steady, year-round demand. This 46-year-old company in San Bernardino County, just east of Los Angeles, offers comprehensive landscaping design, construction, and maintenance services to a diverse client base that includes affluent second homeowners, commercial property managers, and local municipalities. I really like their diversified and mutually reinforcing revenue streams, loyal customer relationships, experienced team, and strong, well-documented margins. I’d want to understand what percentage of revenue comes from design/build versus maintenance, and how it breaks down across residential, commercial, and municipal clients. I’d also look closely at any potential client concentration, the number of signed projects currently in backlog, how many properties are under active maintenance contracts (and their average annual value), the renewal rate for those contracts, who the key foremen, designers, and supervisors are, and the age and condition of their trucks, trailers, mowers, and irrigation tools. Importantly, the business is being offered at a compelling multiple, with seller financing and hands-on transition support available.