Sun Acquisitions has been engaged to sell a Full Service Commercial Electrical contractor, located in the Greater Chicago Area.
This company is a recognized leader in electrical installation services, repair and replacement. Since its inception in the early 1990s, they have provided turn-key electrical solutions to the following industries: commercial, industrial, lighting, and DC power. They have cultivated a loyal and repeat customer base with long-term Master Service Agreements in place. They are equipped with an experienced team of electricians to complete any project a client needs.
This company presents many opportunities to expand their current market of clients. There is a major opportunity to create a marketing strategy to capture additional clients and hire additional electricians to help keep up with demand. According to IBISWorld Industry Report for Electricians, the industry has posted strong growth and industry revenue is forecast to increase at an annualized rate of 2.1% to $199.5 billion in 2024.
Tony Schiappa, Senior Advisor at Sun Acquisitions, will be managing this engagement and will oversee the firms marketing efforts. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms and that the terms will remain confidential. Most importantly, this will give the business owner the freedom to concentrate on his business.