New Deals: A towing and recovery business, industrial surface cleaning & coating business, and 3 other finds

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NEW DEALS

1/ Towing and Recovery Business

📍 Location: Midwestern US
💰 Asking Price: $5,500,000
💼 EBITDA: $1,124,000
📊 Revenue: $3,400,000
📅 Established: 2009

💭 My 2 Cents: I really like the stable nature of the towing industry, as they are completely recession-resistant. Operating from a large site with an 11,000 sq ft facility strategically located near two interstates (a physical moat that’s hard to replicate), this company provides 24/7 towing, recovery, hauling, and vehicle storage. They have a track record of strong cash flow and margins, with long-term corporate clients, including several national brands, accounting for 30-40% of their revenue. I also like that they come with $1.2M in vehicles and equipment included in the sale. However, I’d need to check on the condition of this FF&E to include age, maintenance history, and remaining lifespan, and if there are major replacement costs coming up that could eat into cash flow. I’d also need more detail on their major clients, including how often these accounts renew, if they’re overly reliant on one or two clients, if they have all necessary licenses, if insurance is current and adequate (especially for liability and on-hook coverage), the qualifications and roles of their employees, and the extent of the owner’s day-to-day involvement. Overall, this looks like a defensible, asset-backed business with recurring revenue and operational upside.

2/ Industrial Surface Cleaning & Coating Business

📍 Location: Missouri
💰 Asking Price: $1,900,000
💼 EBITDA: $561,000
📊 Revenue: $2,150,000
📅 Established: 1989

💭 My 2 Cents: Niche industrial services businesses are great because they tend to have steady demand regardless of economic cycles, a high level of repeat business, strong moats, and very solid earnings. This company specializes in technical surface preparation and high-performance coating solutions, cleaning and protecting metal and concrete structures like bridges, tanks, pipes, or machinery. What further differentiates them is their handling of oversized and highly customized components that are beyond the capability of most competitors. I really like their 380+ diverse clients with minimal concentration risk, experienced team, technical certifications, and estimated $2M in FF&E included in the sale. An added benefit is that they have significant unutilized capacity that can be tapped through the addition of a second shift, so there is the potential to grow without the need to expand facilities. I’d want to understand what their standard deal looks like (multi-year maintenance agreements or is the work project-based?), if there is any concentration risk or dependence on one industry, the experience of their crew, whether any certifications are tied to the owner, and the condition of the equipment and whether there are upcoming CapEx needs. Given their niche specialization, this opportunity should really appeal to someone with a background or interest in industrial services.

3/ Specialty Building Materials Manufacturer

📍 Location: Idaho
💰 Asking Price: $4,900,000
💼 EBITDA: $1,290,000
📊 Revenue: $6,981,000
📅 Established: 1959

💭 My 2 Cents: Another specialty manufacturing business that has a lot going for them! This company produces and distributes proprietary building materials for a wide range of industries, including semiconductor manufacturers, airports, and water treatment facilities. I love their long history, national and international customer base, robust in-house design and engineering team, and extensive backlog of orders stretching into 2026. They are also really well-positioned to benefit from the potential tailwinds coming from businesses now looking to reshore the manufacturing of their products. I’d want to know their top customers and whether they’re tied to long-term contracts or project-based sales, gross margins by product line, how reliant they are on their manufacturer rep network to bring in new clients, if they hold any patents or proprietary designs that protect their product offerings, the R&D history, any supply chain risks, and how automated or labor-dependent production is. The specialty nature of their capabilities combined with the macro trends now benefitting domestic manufacturers make this worth a very serious look.

4/ HVAC & Plumbing Contractor

📍 Location: New Mexico
💰 Asking Price: $3,185,000
💼 EBITDA: $839,365
📊 Revenue: $8,076,443
📅 Established: 1997

💭 My 2 Cents: Both HVAC and plumbing are great boring businesses, so it can be a real plus when the two are combined together. The mix can help diversify revenue, expand opportunities, and insulate against slowdowns in the economy. This nicely sized combined company, in business for a very solid 25+ years, has substantial revenues and cash flow, a large employee base of 48, and hard assets worth over $700K. I’d want to get a handle on the revenue split between their HVAC and plumbing services, how their staff is allocated between the two, the nature of their client base (residential, commercial, industrial), how they source new work and how much competition they face, and if their key employees are projected to remain post-sale. Theoretically, with an operation this large, there should be a management team in place that can ensure continuity through a transition and, if desired, make this a turnkey possibility.

5/ Architectural Millwork Business

📍 Location: Massachusetts
💰 Asking Price: $2,150,000
💼 EBITDA: $528,882
📊 Revenue: $5,381,214
📅 Established: 1985

💭 My 2 Cents: This architectural millwork business has for over 40 years furnished premium, custom woodwork products, serving clients nationwide across sectors from hospitality to retail and education. I really love their long stellar reputation, especially in an industry where quality, reliability, and service matter so much. The fact they’ve lasted so long tells me that they know what they are doing, know how to do it well, and have clients that appreciate it. The fact that they are not fully indexed to new construction is also a huge plus and I like that even though they do high-quality, custom work, they place a focus on value engineering to keep their offerings affordable. I’d want to review their financials to see the consistency of their earnings over time and the revenue breakdown between the different types of clients they support. I’d also need to dig into how they acquire new clients, what their current backlog and pipeline look like, the types and projected life cycle of any equipment included in the sale, the condition of their facility (available for separate purchase), the roles and responsibilities of their staff, and what will be involved in replacing the owner. Given their nationwide market, this company looks to offer both proven cash flow and serious continued growth potential.