The Company an award-winning flooring installer specializing in artistically created terrazzo, decorative concrete surfaces and Jewel Krete flooring. The Company’s work is installed in major airports, museums, cruise terminals, hotels, national chain retail stores and other commercial and government establishments, as well as upscale residential properties. Each original installation is the highest quality known in the industry. Working with licensed designs, the Company vividly renders them in terrazzo or other highly decorative flooring surfaces. Clients include some of the world’s leading architectural firms and general construction companies, as well as direct clients. In 2017, the Company entered a $7 million contract with a major global IT company to install flooring in a number of its new locations.
The Company is the preferred full-service environmental testing company for large-scale projects throughout a major metropolitan area. The Company analyzes water, wastewater, soil, hazardous waste and air for environmental professionals at consulting and contracting companies, corporate entities and utility providers. An outstanding reputation has yielded a devoted customer base, with about 375 active clients, which has increased about 15% over the last two years.
The Company has made significant expansion and upgrade investments in equipment, software and facilities. With minor increments in expenses, management estimates its excess capacity to service an additional $2 million of new revenues annually. The Company is projected to achieve adjusted EBITDA of more than $2.6 million in 2018, an increase of 26% over 2017. This trend is expected to continue into 2019 with forecasted EBITDA growth of 20% over 2018.
The Company is the country’s premier provider of on-demand lead acquisition and management services currently focused on a single vertical. Designed to boost productivity, the Company’s platform helps users research, connect and contact leads by combining a power auto-dialer with CRM research, management and tracking capabilities. This a flexible and scalable SaaS that can be deployed to any industry where there is a need to manage more outbound sales calls with improved efficiency. The Company’s dialing solution allows for single or triple-lines and can make up to 300 calls per hour. Superior functionality and service support pricing nearly 3x higher than competitors.
The Company is a national provider of national staffing agency specializing in placing highly skilled contract engineers and technical personnel in a wide range of industries. In 2017, the Company provided 1,350 contract employees to 57 clients across 30 states. The Company is known for its ability to attract and retain hard-to-find engineering talent, as well as for superior client service. Consequently, the Company enjoys a high rate of repeat business from national clients operating in oil and gas, energy, chemical and other industries.
In 2018, management expects to achieve $84.9 million in revenue with $4.6 million in adjusted EBITDA. At the close of 2017, the Company had 678 billable contractors and 25 internal staff. Contractors are paid as direct labor/W-2 employees of the Company.