Demolition, Dismantling, Salvage & Recycling
This business located in the Northeast has been established almost 40 years, serving the market for demolition, dismantling, asbestos and hazardous materials abatement, salvage and recycling spheres. A seasoned team with hundreds of years of combined corporate experience stand ready and capable to address any demolition need. Clients include electric and gas utilities, major oil companies as well as private and municipal storage tank and facility owners of every type, hospitals, educational facilities from elementary through college, military and defense contractors, developers, municipalities, manufacturing and industrial. They provide competitive, comprehensive solutions for the varied needs of all market segments. 85 to 110 union and non-union personnel are typically employed to handle 8 to 12 individual projects at a time with durations of 1 to 9 months. The company strives to remain a leader in the demolition industry through embracing a culture of innovation, safety, integrity, and respect for our employees, clients, and the environment. A state-of-the-art fleet of modern excavators demonstrate the company’s reliance on mechanization versus manpower in completing work safely, efficiently, and profitably.
Revenues have been increasing over the past four years, with annual growth trends of over 18%. Last year, the Company’s total revenue was $40,244,144; according to the Owner, the Company is projecting $30,000,000 in gross revenue for year-end April 30, 2024. The Company’s financial statements are audited and a professional accounting firm files the tax returns on an Accrual Accounting basis. The Company’s fiscal year is from May 1st to April 30th.
COVID-19 has proven to have a similar impact on the overall economy compared to the financial crisis of 2008.
Many businesses have seen significant disruption to their revenue and cash flow resulting from lost sales opportunities, supply chain disruptions, labor shortages, contract modifications and regional lockdowns.
Location: Northeast
