$3.5M TTM EBITDA | Speciality Pool Contractor | Mid-Atlantic
Project Neptune | Speciality Pool Contractor | $3.5M TTM EBITDA
Business Overview
Project Neptune is a long-established speciality pool contractor with a reputation for premium workmanship, durable finishes, and long-standing client relationships. Founded in the late 1980s, the Company has grown into a regional market leader, supported by a skilled team and exclusive access to high-quality materials.
The business is not owner-dependent, with day-to-day operations run by an experienced staffand subcontractor network. Current ownership focuses primarily on strategic oversight and relationship management, making the Company highly transferable.
Key Investment Highlights
Established Market Presence: 35+ years of operating history with a strong regional reputation.
Exclusive Supplier Certification: Access to premium materials drives differentiation and recurring referrals.
Diversified Revenue: Mix of long-term commercial relationships and high-margin consumer projects.
Attractive Margins: TTM EBITDA margin ~23%, supported by premium pricing power.
Scalable Model: Subcontractor-based operating structure reduces fixed overhead and supports growth.
Expansion Potential: New geographic markets provide an opportunity for year-round operations and revenue growth.
| Period | Revenue | Adj. EBITDA | Margin |
|---|---|---|---|
| TTM (June 2025) | $15.8M | $3.5M | 22.5% |
| 2024 | $15.0M | $2.4M | 16.2% |
| 2023 | $14.8M | $2.5M | 17.1% |
Reason for Sale
Ownership is pursuing a planned retirement and succession but is committed to supporting a transition to ensure continuity of customer and supplier relationships.
The owners are seeking a full sale to a strategic or financial buyer with the resources to capitalize on the Company’s strong brand, supplier relationship, and geographic expansion opportunities.
Next Steps
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