Project Rock Is A High-Margin $5MM EBITDA Construction Management & Design Firm,
Project Switch Is A High-Growth Electrical Services Platforms in the Southeast,
Interested Parties to Visit www.HillandaleAdvisors.com/news For More Information.
CHARLOTTE, NC / ACCESSWIRE / January 6, 2025 / Hillandale Advisors, a Charlotte, NC-based investment and advisory firm, has been engaged to manage the sale of two attractive residential and commercial service platforms in North and South Carolina: Project Rock and Project Switch.
Project Rock: High-Margin $5MM EBITDA Construction Management & Design Firm
Project Rock is a leading full-service construction management and architecture firm based in North Carolina, South Carolina, and Georgia. Project Rock has earned a stellar reputation over its 20-year history by delivering industry-leading profitability and exceptional client outcomes across diverse geographies and service lines.
Key Investment Highlights:
Impressive Financial Performance: Project Rock anticipates 2024 sales of $12.9 million and EBITDA of $5.1 million, reflecting robust 30-40% EBITDA margins and 80% gross margins.
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Diversified Service Lines: The company operates across three core areas:
Design - Architecture and Master Planning.
Planning - Engineering, Transportation, and Facilities.
Project Management - Construction, Program, and Site Management.
Attractive Geographic End Markets: With operations in Charlotte, NC (2.8 million population), Charleston, SC (900K), Columbia, SC (900K), Greensboro, NC (800K), and Savannah, GA (500K), Project Rock serves some of the fastest-growing metropolitan areas in the southeastern U.S.
Strategic Partnerships: Project Rock collaborates with industry giants like JE Dunn, AECOM, CBRE, and Samet, as well as trusted regional builders including Cumming, Elkins, and Gilbane.
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Strong Backlog and Pipeline: The firm boasts a $50 million signed project backlog spanning key markets such as K-12, Healthcare, Higher Education, Government, and Airports. An additional $20 million in fees is being finalized, with $30-50 million under active negotiation.
With its asset-light model yielding 100%+ returns on capital deployed, Project Rock represents a rare opportunity for investors or strategic acquirers.
Interested parties are encouraged to visit www.HillandaleAdvisors.com/news for more information.
Project Switch: High-Growth Electrical Services Platforms in the Southeast
Project Switch is a leading residential services platform based in North and South Carolina. Project Switch has experienced significant growth over the last three years and is seeking strategic growth capital to expand across the Southeast.
Key Investment Highlights:
Impressive Financial Performance: Project Switch anticipates 2025 sales of $8 million and EBITDA of $1 million, reflecting 50%+ sales growth and significant market share gains.
Residential Focus: The company focused its efforts on the residential remodel markets given the high referral and repeat business. In its first three years of operations, the company has garnered 250 5-Star Reviews for its superior service and
Attractive Geographic Concentration: With operations in Charlotte, NC (2.8 million population), Raleigh, NC (1.5 million) and Greenville, SC (1.0 million), Project Switch serves some of the largest metropolitan areas in the southeastern U.S.
Strong Backlog: Project Switch had a strong finish to 2024 and has a record backlog for 2025. The company is on the path to growing revenues 50%+ this year.
Other large platforms in these markets include Morris-Jenkins, Roby Services, Dilling Heating & Electrical, IRV Plumbing, Electric & HVAC, Travis Crawford and NuBlue Service Group.
Interested parties are encouraged to visit www.HillandaleAdvisors.com/news for more information.
About Hillandale Advisors
Hillandale Advisors is a Charlotte, NC-based investment and advisory firm.
Recognized as one of the top family offices in NC by Axial, Hillandale buys and holds great businesses with $1-10mm of EBITDA across the Southeast US including Sidekick Therapy Partners, Aiwyn (Accounting / Tax SaaS), Horizon Roofing & Restoration, Polysonics - Acoustics & Technology Design, and Datavations (Building Materials SaaS).
Hillandale Advisors also serves as a merchant bank providing capital raising, firm valuation and business exit services to private businesses.
Hillandale launched the Private Business Roundtable to connect private businesses owners, operators, investors as they hire, grow, acquire and invest in their businesses, employees and communities. Join the over 200 owners and operators in Charlotte, Raleigh and Greensboro, North Carolina who participate in our regular events.
Learn more at https://www.hillandaleadvisors.com and https://www.privatebusinessroundtable.com.
Hillandale Advisors Contact:
Matthew Hultquist, (704) 574-5659,
Matt@HillandaleAdvisors.com
https://www.hillandaleadvisors.com
SOURCE: Hillandale Advisors
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