Alaska Contracting & Maintenance Company, Manager-Run with $5M Backlog

Full Editorial Writeup

This is an established Alaska-based construction and maintenance company that blends recurring maintenance contracts with new construction project work. The standout feature is operational independence: an experienced management team runs day-to-day operations, and the current owner reportedly oversees the business remotely in roughly five hours per week. That structure makes the company a rare construction asset that behaves more like a managed holding than a hands-on contracting shop.

The revenue base is diversified between contracted maintenance work (which recurs and smooths cash flow) and discrete construction projects (which carry higher margin but more lumpiness). The company reports more than $5,000,000 in work already under contract plus a pipeline of over $10,000,000 awaiting award, which provides real near-term revenue visibility for a buyer. Alaska's geography, harsh climate, and limited local competition tend to protect incumbent contractors with established crews, equipment, and client relationships.

The sale includes $565,000 in FF&E along with all vehicles, tools, and equipment needed to operate. The seller is retiring, operates from leased facilities (no real estate to buy), and is offering minor seller financing to the right buyer. At a $5.2M asking price against $1.35M cash flow, the deal is priced at roughly 3.85x, which is reasonable for a manager-run business with contracted backlog but demands scrutiny given no disclosed revenue and an unverified passive-ownership claim.