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Indiana Limestone Company
Provides custom fabrication of Indiana limestone for interior and exterior purposes, servi...
Financials
Asking PriceN/A
Revenue$17M
Earnings$3M
Financial History
Headline
Indiana Limestone Company does custom fabrication of Indiana limestone for interior and exterior purposes. All work is 100% custom and no stock generic material is produced.Clients
They sell to commercial and residential customers as well as some government and religious organizations.Revenue Type
Revenue is generated from one time and recurring payment structures.Reason for Selling
The business was acquired by the current owner nine years ago and he set up an ESOP three years ago. He is willing to entertain offers for the company as the majority shareholder and is happy to sell for the right price if the ESOP trustee agrees with the prospective buyers price.Looking For
The ESOP trustee would look for valuations based off the current year with expected growth ideally in the range of 7-8 times EBITDA. He is open to discussions and happy to share how they generate that number to prospective buyers.Other
The owner has made several acquisitions while growing the business. The board is three people. There is an outside trustee and they have valuation reports done yearly as well as audited financials. EBITDA in 2024 will be 4-5x the EBITDA when the company was originally purchased. The company doesn't have any outside sales people as all their business comes to them as industry leaders. Some notable people they have worked with are Harlen Crow, The White House, Troy Aikman, Purdue University, Ohio State, Army Corp of Engineers, and many other high-profile clients.Facts
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ManufacturerB2BB2CGovernmentExploringIndustry
ConstructionHome & Facility ServicesHome & Garden RetailLandscaping ServicesManufacturingOther Home & Facility ServicesOther ManufacturingRetailSpecialty Trade Contractors