Rapidly-growing, Profitable Importer of Waterworks Products in Central Texas
Established in 1995 and acquired by its current owner in 2000, the Company is a longstanding, reputable business with a firm foothold in the markets it operates, providing specialist products to an underserved markets.
The business imports waterworks and related municipal casting products such as ductile iron pipe fittings, manhole frames, covers, and other supplementary products geared for contractors and cities. The business’ extensive product range positions it as a favorable supplier, in addition to its value-added offerings of distribution and consultation through leveraging its technical expertise. It has amassed a large portfolio of clients due to its specialist product capabilities, tenured operating history, and trusted client relationships. The business currently has over 250 active clients.
The business has earned a solid reputation in the industry in which it operates. As such, it has become a trusted supplier to a diverse client base. 80% of orders are generated by returning clients, with 20% derived from new clients. This has resulted in an excellent recurring revenue stream for the business that continues to gain traction due to the established nature of its client relationships, and delivery track record.
- EXCELLENT FINANCIAL PERFORMANCE – The business has demonstrated exceptional financial performance, achieving excellent profit margins and cash flow. It experiences consistent sales that are rapidly increasing, and is forecasted to continue on this upward growth trajectory.
- HIGHLY-COMPETITIVE AND IN-DEMAND PRODUCTS AND SERVICE – The business is a full-service, one-stop supplier operating on an agile business model that enables it to have the flexibility and capability to supply its clients with auxiliary products, thereby negating the need for clients to engage multiple suppliers.
- A SIZABLE MARKET OPPORTUNITY – The business has designed a growth-minded expansion strategy that will see it broaden its geographic service area and deepen its market penetration
through the development of new products in 2023. These new products are aligned to the strong demand for plastic meter boxes with features that offer automated meter-reader capabilities.