Transaction Experience
Case Studies
Representative transactions demonstrating our structured approach to sell-side advisory, valuation optimization, and deal execution.
Construction
$20M Majority Recapitalization
Majority Recapitalization
Enterprise Value
$20M
Structure
Majority Recap
Sector
Construction
Founder Role
Retained Leadership
Overview
CBH Business Group represented the founding shareholders of a regional construction firm with over two decades of operating history. The company had established a strong reputation in commercial and infrastructure projects, with a diversified project pipeline and bonded capacity that positioned it well for institutional interest.
Challenge
The founders sought partial liquidity while retaining a meaningful equity stake and continued operational involvement. The challenge was structuring a transaction that delivered immediate value to the sellers while preserving the company's culture, bonding relationships, and key employee retention.
Our Approach
- Conducted comprehensive EBITDA normalization across multi-year project financials
- Prepared a detailed Confidential Information Memorandum emphasizing backlog quality, bonding capacity, and management depth
- Executed a targeted outreach campaign to private equity firms with construction and infrastructure platform strategies
- Negotiated a majority recapitalization structure allowing founders to retain a significant minority stake with board representation
Outcome
The transaction closed at a valuation reflecting the company's premium market position, strong backlog, and institutional-quality management team. The founders achieved meaningful liquidity while maintaining operational leadership and participating in future upside through their retained equity position.
Engineering
$12M Majority Sale with Equity Rollover
Majority Sale — Structured Equity Rollover
Enterprise Value
$12M
Structure
Sale + Equity Rollover
Sector
Engineering
Post-Close
Ongoing Distributions
Overview
CBH Business Group advised the owner of a specialized engineering firm serving commercial and industrial clients. The firm had built a strong niche reputation over 15+ years, with deep technical expertise, long-standing client relationships, and a stable recurring revenue base from maintenance and inspection contracts.
Challenge
The owner was approaching retirement and needed a succession solution that would protect the firm's employees and client relationships. The priority was finding an acquirer who valued the technical team and would invest in the company's growth, while providing the owner with a structured exit that included ongoing distributions during a transition period.
Our Approach
- Normalized financials to reflect true owner earnings and recurring revenue quality
- Positioned the firm's technical certifications, client retention metrics, and recurring contract base as key value drivers
- Identified and engaged strategic acquirers and PE-backed platforms seeking engineering services add-ons
- Structured a transaction with upfront consideration, equity rollover into the acquiring entity, and ongoing distributions to the seller during a defined transition period
Outcome
The transaction delivered a premium valuation reflecting the firm's recurring revenue quality and technical differentiation. The structured equity rollover provided the seller with ongoing participation in the combined entity's growth, while the transition arrangement ensured continuity for clients and employees.
Additional Engagements
Recent Transaction Examples
A selection of additional confidential transactions advised across construction, consumer products, and specialty trades.
Consumer Products / Apparel
$4.9M
Athletic Apparel Company
100% strategic acquisition
Construction Services
$23M
Commercial Roofing Company
Majority sale to PE-backed platform
Specialty Trade
$28M
Window Installation Company
Strategic acquisition with rollover
Outdoor Construction
$3M
Pool Construction Company
Owner-operator transition sale
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