CCP Client 'CO291'
Materials Engineering, Testing & Inspection Company
Clayton Capital Partners is pleased to exclusively represent CO291 (the “Company”) in the sale of its business. Operating from headquarters in the Intermountain West, CO291 provides consulting, geotechnical engineering, inspections and materials testing to both government and commercial customers.
$16MM+ Project Pipeline – The Company’s consistent record of winning projects based on its integrity, quality and past success is responsible for its robust $16MM+ pipeline. This pipeline includes signed contracts for geotechnical inspection of and materials testing for construction of transportation infrastructure, healthcare and educational facilities, and commercial and residential development projects.
Numerous Longstanding Professional Relationships – The Company has forged deep working relationships with many leading architects, general contractors, building owners and project managers. As a result, CO291 provides services to over 900 customers and is a participant in most of the largest civil construction projects in its five-state area.
Problem-Solving Technical Experts – The Company’s 152 employees provide comprehensive geotechnical, inspections and materials testing services in a five-state area. Fourteen engineers, 23 certified inspectors, 70 field technicians and 16 lab technicians are responsible for CO291’s reputation as the leader in accurate testing and resourceful problem solving. This reputation attracts technicians and professionals who value career development, teamwork and participation in increasingly complex projects.
Multiple Offices & Labs Located In High-Growth Areas – The Company’s seven offices are strategically located in two fast-growing states to serve local customers as well as those in neighboring states. Fourteen portable labs extend the Company’s reach to remote jobsites and yield valuable competitive intelligence regarding new market areas.
| CO291 Financial Highlights | |||
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Audited Year Ended 12/31/2018 |
Audited Year Ended 12/31/2017 |
Reviewed Year Ended 12/31/2016 |
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Revenue
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$16,195,168 | $14,288,728 | $11,277,949 |
| Adjusted EBITDA | $3,278,998 | $3,028,235 | $2,154,861 |
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Adjusted EBITDA %
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20% | 21% | 19% |
The undersigned hereby agrees:
That all information, data and materials disclosed or furnished (herein called the Information) by Clayton Capital Partners Acquisition Candidate CO291 (herein called the Company) will be maintained strictly confidential and that, in consideration for such disclosure, no use of the Information will be made by any signing party, or employees of such party, other than for evaluation purposes, on a strictly confidential basis. No Information shall be provided to employees not directly involved in the evalution of the possible transaction.
It is understood that disclosure of any of the Information, including the possibility that the Shareholders may consider sale, disclosure of the current status of the Company, or disclosure of any information to customers, vendors, competitors, or employees of the Company would cause serious financial damage to the Company and/or its affiliates.
The undersigned also agrees that, for the term of this agreement, they will not solicit for employment any person who is currently employed by the Company. Nothing herein shall preclude the undersigned from hiring any employee who responds to a general solicitation so long as it is not targeted at the Company or its employees.
The undersigned agrees not to copy, duplicate, disclose or deliver all or any portion of the Information to a third party or permit any other third party to inspect, copy or duplicate the same except those parties deemed necessary by the undersigned to evaluate the possible transaction (including agents, advisors, affiliates, accountants, attorneys, consultants, and lenders). It is understood that the undersigned may disclose Information to only parties who (i) require such material for the purpose of evaluating a possible transaction and (ii) are informed by the undersigned of the confidential nature of the Information and agree to be bound by the terms hereof. The undersigned further agrees to be responsible and to indemnify the Company for any breach of this agreement by the above mentioned parties, and that these parties will not use any of the Information for any reason or purpose other than to evaluate a possible transaction or in any way detrimental to the Company.
This shall not, however, prevent the undersigned from disclosing to others or using in any manner:
- Information which has been published and has become part of the public domain other than by acts or omissions by the receiving party
- Information which has been furnished or made known to the undersigned by third parties as a matter of right without restriction of disclosure, or
- Information which the undersigned can show was already in its possession at the time it entered into this Agreement and which was not acquired directly or indirectly from the Company, their representatives, its employees or their representatives.
This agreement shall remain in effect for a term of two years from the execution date hereof and upon request, the receiving party will promptly return all data and materials furnished by the Company and destroy any internal analyses and/or workpapers related to the evaluation of the Company. Notwithstanding the foregoing, the restrictions and obligations of this agreement relating to the non-disclosure of any of the Information shall survive any expiration, termination or cancellation of this agreement and shall be binding upon any signing party, its officers, directors, members, employees, agents, affiliates and any and all others assisting in the evaluation of the possible transaction.
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