SouthEast Concrete Pumping Co., 20-Year North Carolina Contractor

Full Editorial Writeup

This is a concrete pumping services business founded in 2005 and based in Mecklenburg County, North Carolina, the Charlotte metro. The company runs a fleet of pump trucks that deliver concrete to job sites for large home builders, concrete contractors, and residential homeowners. It is primarily a residential operation with a smaller commercial component, and the trucks are staged out of a central warehouse positioned near its main job corridors.

The economics are strong for a construction services business: $2.65M in revenue against $734K of SDE, a 28% owner-earnings margin. That margin, combined with a customer base that has stuck around since inception and generates work purely through referrals with zero advertising spend, tells you the business has real embedded relationships and operational discipline. A team of 13 runs the day-to-day.

The asking price of $2.5M is a 3.4x SDE multiple, and it includes $1.7M in FF&E, which for a concrete pumping outfit means the truck fleet. That is the crux of the deal: you are paying $2.5M for a business whose hard assets alone are appraised near $1.7M, so a large share of the price is backed by depreciating but real and financeable equipment rather than pure goodwill.