The Company is an Aggregate Supplier & Infrastructure (Road, Bridge, Concrete Underground Utility) Residential & Commercial Contractor.
The Company has been able to generate annual EBITDA of up to $3 million in spite of the tremendous investment required to permit approximately 23 million tons of aggregates with asphalt plant permits, as well as an asphalt and concrete plant. The Company is now expecting to generate approximately $2.5 million per year in additional annual profit (plus yearly increases) from the quarries each year for the next 15-20 years. It was announced in June 2005 that Californias state government transportation construction spending would more than quadruple from $900 million (fiscal 2004-2005) to $4.1 billion (fiscal 2005-2006), with $1 billion being released in the first month of the fiscal year (July 2005).
The Company is located in a growing area with little to no competition and performs a variety of construction services to both the public and private sectors and offers a broad range of unparalleled services.
The Companys private sector work involves site work, forestry road building, as well as residential, industrial, and commercial developments, subdivisions, office complexes, schools and shopping centers, structural concrete, concrete flatwork, custom home building, and equipment rental. The Company also installs underground utility systems including water, sewer, and storm drainage. On the public sector side, customers of The Company include state, federal, city, county, and municipal agencies. The Companys work includes road building, asphalt paving, underground utilities, bridge construction, airport expansions, office complexes and metal buildings, slurry sealing, and hot applied crack sealing.
The Company was established in 1972, employs nearly 150 people, and owns nearly 350 acres of land. The fair market value of tangible hard assets (excluding quarries, asphalt, and concrete plant) exceeds $17 million.