Connecticut based environmental testing and consulting firm serving architectural firms, developers, municipalities, schools, hospitals, day care facilities, housing authorities, contractors, businesses, institutional lenders, and residential clients throughout Connecticut and the metropolitan New York area. These services include material surveys for asbestos, lead paint, PCBs, mold and radon contamination, industrial hygiene and indoor air quality assessments, abatement project design and monitoring, environmental site assessments, and Phase I, II and III subsurface investigations and site remediation management. The company has over 600 active accounts many of which are a source of recurring revenue. The staff is fully licensed and skilled second to none. They hold a dominant position in their market.
Until 2020, the business averaged $2 million in annual revenues and $410,000 in seller's discretionary earnings (SDE). The business rebounded strongly in 2021 and will finish the years with over $2.1 million in revenues.
The company would be a good acquisition for any strategic buyer seeking to expand their presence in the CT and Metro NY markets or any individual(s) knowledgeable of environmental and industrial hygiene testing wish to operate their own business.