Project Dragon
Acquire this $45M Leading Industrial Instrumentation, Controls Automation, and Electrical (ICE) provider.
Project Dragon is an opportunity to acquire a $45M (CAN) revenue, $6M (CAN) EBITDA, Industrial Controls Engineering, Construction, and Maintenance Provider based in Western Canada.
Reason for selling: The ownership is exploring exit strategies in pursuit early retirement.
WHY CONSIDER A MERGER?
Project Dragon is unique in their ability to design, construct, and validate complex industrial automation projects. See below for key investment criteria.
- Critical scale and profitability in a unique industry with $45M CAN Revenue with consistent 12% EBITDA, 200+ employees, and 200+ active projects with 25 MSAs with marquee customers
- Unique full cycle of offerings across engineering, construction, and maintenance, capable of designing, building, and servicing complex industrial control systems with no need to subcontract or rely on third-party supply chains for project completion
- Experts in Operational Technologies with people, processes, and technology supporting innovative installments.
- Consistent performance over decades with predictable revenue growth and EBITDA contribution combined with high levels of operational maturity
- Completed over 1,400 instrumentation controls and electrical projects with deep expertise in oil & gas, renewable energy, mining, and petrochemical industries
- Marquee customer base of returning clients with 70+% of business based on repeat work from existing long-term clients where master service agreements exist
- Strong sales and marketing support from a tenured sales team, supported by marketing materials leading to a substantial backlog of work combined with a solid pipeline of future work and net new customers.
TRANSACTION EXPECTATIONS
The company seeks to be acquired by a strategic or financial investor. The management team and employees are willing to stay with the acquiring company to maintain and grow sales and operations capabilities as the founders plan to exit the business after an orderly transition. Cash or guaranteed payments are required at the close of the transaction and with minimal consideration for alternative deal structures.
KEY BUSINESS LINES
Project Dragon offers a fully integrated lifecycle of offerings across Engineering, Construction, and Field Services in industrial instrumentation, control automation, and electrical disciplines.
Industrial Controls Engineering: engineering of automation and control systems with expertise in Operational Technology, Industrial Internet of Things, instrumentation design, electrical design, and functional safety
Field services: multi-discipline commissioning, regulatory inspections, facility turnarounds, and long-term maintenance of instrumentation, electrical and mechanical systems
Construction: electrical, instrumentation, and panel fabrication for in-house automation projects, electrical, and control systems
REVENUE AND ADJUSTED EBITDA
About Revenue Rocket and the process for Project Dragon
For more than two decades, Revenue Rocket has been dedicated to assisting IT service companies in both selling their business and expanding through mergers and acquisitions. As experts in the field, we understand what it takes for businesses in this rapidly evolving tech services industry to succeed. Because each company has unique needs and goals, we offer a customized program tailored to your firm’s specific requirements.
Look at our current deals to get a sense of the esteemed businesses we currently represent.
If Project Dragon is of interest to your firm, here’s how the process will begin:
First, we’ll schedule an introductory call with Revenue Rocket to understand your firm and M&A goals. Following this call, we will establish a non-disclosure agreement (NDA) to ensure that sensitive information remains secure. Once the NDA is in place, we will provide you with a confidential information memorandum (CIM) with more detailed information.
After sharing the CIM and learning more, we will also introduce you to the Project Dragon leadership team through an introduction meeting, putting you in touch with the team responsible for making this project a reality.
With our extensive expertise and proven track record in the IT service industry, we are confident that we can help your firm achieve its goals and reach new heights of success. Please reach out today to get started.
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