Company Overview

PRIME exits® is proud to be the exclusive representative of a well-established electrical engineering firm specializing in public-sector, utilities, and municipal infrastructure projects. With more than 25 years of operating history, the firm has built a strong presence across the Pacific Northwest, providing electrical design, grid modernization, substation engineering, SCADA integration, traffic control systems, water/wastewater facility electrical systems, and public safety infrastructure upgrades.

The company holds approved-vendor status with numerous cities and counties, giving it a competitive advantage in bidding for multi-year, publicly funded projects. Its technical accuracy, compliance expertise, and dependable project delivery have resulted in exceptionally high RFP win rates and a robust 24–36-month backlog.

The team includes licensed electrical engineers, project managers, and field engineers with deep public-sector experience. The firm also benefits from relationships with utilities, municipal agencies, and engineering firms that rely on its expertise for infrastructure modernization.

Financial Review

Revenue: $26 Million

Normalized EBITDA: $3.9 Million (15%)

EBITDA stability is supported by long-term municipal contracts and predictable billing schedules. This is an attractive, low-capex engineering business with strong cash flow visibility.

Reason for Exit

The owner seeks a partial exit to bring in a well-capitalized partner to support expansion and to diversify personal assets.

Asking Price & Deal Structure

Asking Price: $27.3 Million (7× EBITDA)Deal Structure:

• 75–80% cash at close

• 20–25% rollover equity

• Optional earn-out tied to awarded RFPs or new municipal contracts

Ideal Buyer

Ideal for national engineering platforms expanding into public-sector electrical design, private equity firms targeting infrastructure engineering roll-ups, and utilities services firms. Strong backlog and municipal visibility make this a high-quality acquisition.