Landscaping, Civil Engineering, Earthwork: Young Company Seeks Successor - STATION

A regionally established company in the earthworks and civil engineering sector is for sale, specializing in pipeline and cable installation (including fiber optics), sewer construction, subgrade work, and surface restoration. Highlights • Well-established processes from order placement to final acceptance (including documentation/measurement, traffic safety measures/RSA21) • High quality standards (cleanliness, inspections, reliable restoration) • Strong positioning in a market poised for growth in the medium term (fiber-optic/network expansion, municipal infrastructure)

The company is an established full-service provider that uses transportation and container services for construction sites to ensure both the delivery of bulk materials and building supplies and the disposal of waste generated on-site. The company has a stable customer base in the construction industry and the public sector and maintains a consistently high capacity utilization rate. A clear focus on publicly funded infrastructure development—particularly civil engineering, road construction, and pipeline and cable installation—ensures that capacity utilization will remain high in the coming years. With its own modern fleet of machinery and vehicles, the company ensures independent and flexible operations, particularly within the regional area. The company has tripled its revenue since 2020 while maintaining a stable EBITDA margin of 25 to 30%. Revenue: approx. 5.3 million EUR (previous year: 4.7 million EUR) EBITDA: approx. 1.3 million EUR (previous year: 1.3 million EUR) Employees: 15–25 Location: Northern Germany Sale of 100% of the shares Managing Director will remain available during a transition period

Our client is a medium-sized construction company with a long history and a strong regional presence. Since its founding, the company has evolved from a traditional construction firm into a modern general contractor specializing in building construction. Its operational focus is on challenging turnkey new-construction projects as well as the strategically important area of building renovation. The service portfolio includes, in particular, residential and commercial buildings, commercial real estate, social facilities, as well as hotel and vacation apartment complexes. In addition, the company carries out conversion, modernization, and renovation projects on existing buildings. A key differentiator is its professional organizational structure. The company has dedicated departments for cost estimation, BIM, project management, turnkey construction, building renovation, work planning, quality assurance, lean management, controlling, administration, and corporate digitization. As a result, the company is significantly more focused on project management, planning, and coordination than a traditional, trade-based construction firm. Of particular note is the company’s existing digital expertise. The BIM method is used in cost estimation and project planning to digitally model construction projects at an early stage, identify interfaces, and plan costs and schedules with greater reliability. In addition, the company employs lean management on its construction sites. The company enjoys a strong reputation in the regional market as a reliable, transparent, and collaborative contractual partner. Its market position is further bolstered by several awards, including recognition as a Top Innovator, Employer of the Future, and Construction Company of the Year. Long-standing relationships with investors, project developers, clients, and subcontractors form an important foundation for its stable market position. In 2025, the company employed approximately 50 people. The workforce consists of qualified construction managers, project managers, cost estimators, and BIM specialists, as well as commercial and administrative staff. A well-established second tier of management and low turnover in key positions create a stable operational foundation for a successor. The current order backlog is a key value driver. According to the borrower’s report, the company has a weighted order backlog of approximately 194 million EUR through 2029. Based on this, the calculated average annual revenue amounts to approximately 48.5 million EUR. For 2026, the plan calls for total revenue of approximately 52.8 million EUR. The sustainably derived EBITDA is approximately 970 TEUR. The main operating premises are privately owned by the shareholder and are leased by the company. They include, among other things, office space, a construction yard, and a warehouse, thereby providing a functional foundation for the company’s current size and its future operational development. The sale to an external successor is being pursued for retirement reasons and is a high priority. The goal is to ensure the long-term continuity of this established company and to consistently leverage its existing growth potential. Opportunities exist, in particular, in expanding the existing building renovation segment, strengthening sales and brand positioning, utilizing BIM expertise, and further professionalizing corporate management. The ideal successor should think entrepreneurially, possess social awareness, and cultivate a collaborative leadership style. A background in construction engineering is advantageous but not mandatory. An entrepreneur with a business-oriented background may also be considered, provided they respect the existing corporate culture and work with the team to further develop the company.

The company is a specialized service provider in the field of fiber-optic network expansion, covering key services related to the construction phase of infrastructure projects. Its focus is on performing excavation work, asphalting and paving, pipe and conduit installation, as well as cable blowing and installation. In this way, the company delivers significant added value in the implementation of modern telecommunications infrastructure and positions itself as an operationally experienced contractor for demanding expansion projects. Its clear specialization, technical expertise in project execution, and focus on primarily commercial and public-sector clients are among the company’s key success factors.

The company is an installation service provider focused on network infrastructure with extensive expertise in installation—from NE2 to NE4. Its business model, which focuses exclusively on installation (with no in-house civil engineering), enables attractive margins with lean structures. A well-established second tier of management is already independently managing day-to-day operations. Multi-year framework agreements directly with leading network operators and utility companies—including for network densification—ensure predictable and recurring revenue. Growth opportunities in the areas of fault clearance and repair, as well as further NE4 expansion, can be realized with the existing team and equipment. A business model with a clear focus on cable installation and high capacity utilization through direct contracts from network operators enables independent and flexible project execution. Power grid installation is a potential area for future expansion. A well-coordinated core team of young, locally rooted specialists with low turnover and a strong sense of identification with the company. Below, we present the key figures for the company: Revenue 25 | 26 Plan: approx. 1.9 million EUR | 3.1 million EUR EBITDA 25 | 26 (projected): 422 TEUR | 453 TEUR Employees: 10 to 15 Location: Southwest Germany The property is leased from an external landlord. Sale of 100% of the shares An internal successor to the managing director is already in place.