The company was founded over fifty years ago and provides waterproofing services, masonry restoration, roofing and related products to a wide range of private and publicly owned clients and their facilities. The company markets hundreds of products to ensure specific water proofing sealing requirements of leading commercial construction firms and their customers.
Commercial waterproofing and caulking were 65% of 2022 annual revenues and masonry restoration 35%. The business completes approximately 115 jobs per year ranging in price from $1,895 to $1,100,000.
This unionized company is a subcontractor to some of the largest construction firms in the southern New England market. Steady revenues are due to their industry experience and reputation for successfully completed projects-on time, and within budget.
The company is licensed and operates in Rhode Island and Massachusetts. The two-story Providence location is approximately 18,000 square feet and in good condition. The management offices at the facility are in very good condition. The facility is one minute from Rt. 10 and interstate Rt. 95 and located directly across from a major municipal office building. A large pond abuts the property.
The company supports a growing base of over two hundred customers with a low customer concentration. Top five customers provided approximately fifty percent of 2022 revenues. Many repeat customers including 25 of the top 64 customers.