New Deals: A landscaping company, HVAC 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/ Landscaping Company

📍 Location: Arizona
💰 Asking Price: $5,900,000
💼 EBITDA: $1,960,150
📊 Revenue: $7,007,000
📅 Established: 2010

💭 My 2 Cents: Phoenix is one of the fastest-growing U.S. metros, where ongoing residential and commercial development continues to create strong demand tailwinds for landscaping businesses like this one. This company provides recurring maintenance, tree management, and irrigation installations for residential clients, and also has long-term contracts in place with HOA communities and commercial properties. I really like their location in a desert climate, where there is year-round demand and maintenance is less discretionary compared to greener regions. They are a robust operation, with some 75-80 employees, and come with vehicles, trailers, and other equipment valued at over $2M. I’d want more detail on their long-term contracts, including standard terms and renewal rates. I’d also want to know if there’s any risk of client concentration, if there is any backlog of receivables (HOAs are notorious for slow pay), and the extent of their reliance on H-2B or immigrant labor. The current owner is primarily absentee, and an experienced management team is slated to remain in place, making this an appealing opportunity for a buyer who wants to be more hands-off or focus on additional acquisitions in this highly fragmented industry.

2/ HVAC Business

📍 Location: California
💰 Asking Price: $1,500,000
💼 EBITDA: $768,022
📊 Revenue: $2,220,105
📅 Established: 1980

💭 My 2 Cents: With the ongoing housing demand in SoCal, this HVAC contractor specializing in multi-family new construction for over 45 years is well-positioned to continue thriving. They have a strong backlog ($2M+ in signed contracts) and an additional $7M in the pipeline, with long-standing relationships with developers and contractors that generate recurring project flow and allow them to secure work without competitive bidding. Multi-family HVAC also requires technical expertise and scale, creating higher barriers to entry than residential service. I like their use of proprietary estimating software and their fully staffed team, which includes skilled installers and a project manager who is committed to staying on post-sale. I’d want to review their % of revenue from top 5 developers/GCs, the conversion rate of their pipeline to signed deals historically, the timing of project milestones and payment schedules to see how the backlog translates into actual cash flow, and their historical profitability in downturns. For the right buyer, there’s also opportunity to expand into commercial retrofits, single-family, or service contracts.

3/ Electrical Contractor

📍 Location: Nebraska
💰 Asking Price: $9,500,000
💼 EBITDA: $2,191,060
📊 Revenue: $18,509,514
📅 Established: 2005

💭 My 2 Cents: If you're looking for an essential business with non-discretionary demand and strong growth tailwinds from the electrification boom, this electrical contractor is worth a close look. They handle everything from standard lighting and power to high-voltage work and data cabling across residential, commercial, and industrial markets in Nebraska and Omaha, with major clients including big-box retailers, supermarket chains, schools, and public institutions. They are well-equipped to execute projects at scale, with 85 employees and $3M in FF&E (vehicles, trucks, and equipment) included in the price. I'd want to understand why their margins are lower than expected, what their current backlog and pipeline look like, the historical conversion rate of bids to wins, how much ongoing service and upgrade work they perform, and their bonding capacity and insurance coverage. With a tiered management team already in place and the seller open to staying on for an extended period to maintain key relationships, this business should be well-positioned for a smooth transition.

4/ Office Furniture Installer

📍 Location: North Carolina
💰 Asking Price: $1,500,000
💼 EBITDA: $506,513
📊 Revenue: $1,569,898
📅 Established: 2009

💭 My 2 Cents: This company has carved out a niche specializing in office furniture installation services, catering primarily to furniture dealers that lack in-house installers. They operate from a 13,500 sq ft industrial flex space that is modern and well-maintained and, at approximately 80% utilization, still has capacity for expansion. Their team of 12 includes an experienced operations manager capable of acting as general manager, providing continuity for a new owner. I like that they run an asset-light model, without cash tied up in inventory like most furniture businesses, and benefit from repeat business through their longstanding dealer relationships. I’d want to understand whether there’s any dealer concentration risk (if 1–2 dealers supply the majority of projects), what seasonality looks like (e.g., year-end budget flush, summer moves), and their ability to scale labor up or down based on project load. For a growth-minded buyer, there's meaningful potential to expand into new geographies or dealer networks.

5/ Hot Tub Retailer

📍 Location: Washington State
💰 Asking Price: $1,995,000
💼 EBITDA: $498,636
📊 Revenue: $5,023,818
📅 Established: 1947

💭 My 2 Cents: Hot tubs are popular in the Pacific Northwest thanks to the climate, outdoor lifestyle, and wellness trends. This hot tub retailer, established nearly 80 years ago, is a long-standing fixture in Spokane County. Over time, they have shifted their product mix away from lower-margin items toward higher-margin offerings, which has supported strong and consistent profitability. I also like their loyal client base and the more than $1.5M in assets (leasehold improvements, FF&E, and inventory) included in the sale. I’d want to understand how much ongoing income they generate from service contracts, repairs, and chemical/supply sales, their inventory turnover and carrying costs, whether they have exclusive distribution rights with certain brands, supplier terms (floorplan financing vs. upfront cash), and their seasonality patterns. A real positive is that the owner is open to staying on as a minority shareholder, demonstrating confidence in the future of the business.