*This opportunity is presently under exclusive LOI and cannot be discussed. Please inquire below if you are interested and we will keep your name on a waiting list in case the opportunity again becomes available.*
Searching for an environmental testing laboratory for sale? Founded over 25 years ago, the Company is an established Midwest-based environmental testing laboratory specializing in water, waste water, soil and air analysis for a variety of governmental, commercial and environmental consulting customers primarily located in Midwest states.
The Company has two owners. The majority owner is not involved in the day-to-day operations of the Company. The minority owner oversees the operations of the company and is interested in selling the business to transition into retirement. He is available for a reasonable transition period.
- The Company is certified by the US Department of Defense Environmental Laboratory Accreditation Program (DoD-ELAP), National Environmental Laboratory Accreditation Program (NELAP) and various state Natural Resource and Environmental Quality Departments.
Financial Summary:
2013 Gross Income: $2,207,238
2013 EBITDA: $207,249
2013 SDE: $274,443
- The Company is marked by low employee turnover.
Investment Highlights:
- Recession-Proof Industry – Regardless of the state of the economy, companies are still required by government regulation to obtain testing services to remain in compliance with federal law.
- Customer Service – The Company strives for a one-week turnaround on most projects. Ownership has always made quality service and customer communication a very important feature of their service.
- Extensive Certifications – The Company is certified by the US Department of Defense Environmental Laboratory Accreditation Program (DoD-ELAP), National Environmental Laboratory Accreditation Program (NELAP) and various state Natural Resource and Environmental Quality Departments.
- Low Employee Turnover – Most of the Company’s employees are in their mid-40s and many have been there for 15-20 years. Ownership has no reason to believe that any employees would leave in a transition.
- The Company conducts testing for fuel storage tanks among many other items.
Growth Opportunities:
- Diversify Testing Services – Presently the Company does environmental testing. While growth opportunities are anticipated in this segment given increasingly stringent environmental regulation, the major driver of growth going forward will be consumer products testing such as for food/alcohol testing, product testing and pharmaceutical testing. Additionally, the Company is well-located near one of the largest bodies of freshwater in the world. This provides a unique opportunity to become increasingly involved in freshwater testing.
- Cross-Training of Staff – Cross-training of staff so that they could float between wet chemistry, volatiles and metals, would produce efficiencies and potential cost-savings that are not being realized today.
- Online Marketing – The Company does very limited advertising. While it maintains a website, it has not invested in search engine optimization or pay-per-click advertising that could generate new leads and/or quoting opportunities.
Please inquire below for access to a complete Offering Memorandum that contains the following:
- Company History/Overview
- Information about Customers
- Information about Service Offerings
- Management Team & Personnel
- Technology & Software
- Facilities
- Equipment List
- Industry Overview
- Detailed Financial Addendum
Interested parties must demonstrate proof of financial capability. Inquire today about this environmental testing laboratory for sale!
