November 26, 2018
The Company is a national staffing agency specializing in placing highly skilled contract engineers and technical personnel in a wide range of industries. 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.
The Company has experienced consistent year-over-year growth during the historical period with a compounded annual growth rate of 29% from 2015 through 2017. Intensified business development efforts in 2018 will help propel revenues to exceed $83 million for 2019F with projected EBITDA of $3.5 million. Management’s projection into 2019 is substantiated by the continuation of business from large current clients – as well as increased business development.