Wayne Beebe
Abingdon, VA (USA)
Role(s):
Founder/Owner/Principal
Dominion Truss
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Startup
Location:
Abingdon
Industry:
Construction
Year Founded:
1991
Number Employees:
10-50 people
Description:
Our privately held Building Component Firm, incorporated in 1991, seeks an equity partner enabling us to enhance growth. Our industry has been hit as hard as any industry in the country, causing many competitors to close, with many more to follow. Due to careful positioning efforts, our company stands at a point of rare opportunity:
We have been investing over the past couple years to position ourselves for great national growth. We have developed internal software processes and operational systems which are unprecedented in our industry and uniquely put our company in very high demand. We have recently landed certain highly lucrative contracts and have received several more “verbal orders” of the same type in market areas not so hard hit that make clear our path to success. There is one market bright spot in construction that has not been touched upon in the press often: Multi-family Residential and Mixed Use Construction.
Our ideal equity partner would seek an investment of 33%, approximately 3 million dollars.
Our combined corporate sales were just under $8 million just before the downturn. In spite of the recent economic woes, we project revenues near that in FY2009. We have a strong historical record of having extremely high ROI and NP margins.
We operate under a bi-coastal corporate structure that provides the ability to be nimble and flexible but remain unique in both form and function. Our structure maximizes purchasing power and minimizes staffing levels.
Having weathered the recent downturn in the economy, with a firm footing toward the future, our companies are well-positioned to gain further market share. We are now poised to take full advantage of the recent economic events, enabling us to fully realize the potential that we have worked to achieve.