Elecor Invests In and Acquires
Plumbing, HVAC, Electrical and Other Service Companies Located in the Southeastern United States
Elecor is an investment management company that acquires, invests in, builds, and sells companies that benefit shareholders, customers, team members and communities at large. Our objective is to preserve your brand and legacy while giving your loyal employees a safe place to call home.
About Us
ACQUISITIONS
The passionate team at Elecor believes in creating win-win situations for both the business seller and the investor. The acquisition process with Elecor happens in three swift phases. From start to finish, our closings can happen in days or weeks, not months. The Elecor team works with business owners to find a fair valuation for their business and carry out an exit plan that meets the business owner’s needs.
TARGETS
Elecor is looking to acquire blue-collar companies in the South Florida region, with a particular focus on HVAC, Electrical, Plumbing, and Construction Contractors. Ideal revenue range is between $5 – 25 million annually. Target companies need to have been in business for 10 or more years, and employ 15 or more people. If you own such a company and are seeking an exit, we can assist. Elecor looks to retain all staff and maintain the legacy that the company has built over the years.
PARTNERSHIPS
The results-driven team at Elecor offers their proprietary Growth Acquisition Partnerships (GAP) program where business owners benefit from the business acumen of the Elecor team. Business owners receive one-on-one attention to address specific business problems in preparation for successful exits. These partnerships have an aggressive timeline of results and the GAP program consists of a consistent monthly investment, equity release or a combination of both.
MEET THE TEAM
Nick Weaver, Founder & Principal
Nick has been an entrepreneur for nearly two decades, founding and growing multiple successful businesses. His ventures include Elite Restoration Consultants, which generated new business and deal flow for the remediation and restoration industries, and Alpha Nutraceuticals, a men’s supplement company that he successfully ran before exiting in order to pursue a new venture. With extensive experience across diverse sectors, including food and beverage operations, hotel management, and automotive retail, Nick brings a unique blend of operational insight and strategic vision to each venture. Currently, he is focused on mergers and acquisitions, particularly in the HVAC, plumbing, electrical contracting, engineering, and construction/remodeling industries. His goal is to drive growth and create value for both investors and business owners through innovative strategies and solutions. He is also co-host of the Mature Startups Podcast and author of Exit Ready: The Ultimate Guide to Selling Your Business
Take a Look At Our
SERVICES
The passionate team at Elecor believes in creating win-win situations for both the business seller and the investor. The Elecor team has been on both sides of the closing table, as the business seller and the business buyer. Every deal is approached with understanding both views of the respective parties and how to create deals and arrangements that benefit all involved.
The acquisition process with Elecor happens in three swift phases. From start to finish, our closings can happen in days or weeks, not months. The Elecor team works with business owners to find a fair valuation for their business and carry out an exit plan that meets the business owner’s needs.
Exit planning involves a business owner defining exactly what is needed to comfortably exit their business. How will you find the perfect investor to help you exit your business? How much money do you need to exit your business? How soon do you need to exit? How involved do you want to be in the future of your business? What do you want out of an acquisition? The Elecor team helps guide business owners through the entire exit process from inception of the idea to the closing table.
In the world of M&A, the distribution of buyers and sellers can be visualized as a reverse pyramid. At the wide base of the pyramid, you have a vast number of small to medium-sized enterprises (SMEs) seeking buyers. However, the pool of qualified buyers at this level is quite narrow, meaning there are many sellers but only a few potential buyers. As you move up the pyramid, representing larger companies in terms of revenue and profit, the buyer pool expands. This creates an interesting anomaly: the bigger the business, the more buyers there are, due to the attractiveness of established, profitable firms to private equity, institutional investors, and strategic acquirers.
Enter the concept of virtual mergers – an innovative strategy designed to help service companies maximize their exit value without sacrificing operational independence. By consolidating financial statements and leveraging the power of scale, virtual mergers open doors to premium valuations typically reserved for larger entities.
When it comes to acquiring businesses, investors want the experience and data to support their decisions, and that is exactly what the Elecor team delivers. Elecor educates investors every step of the way and helps them to find the deal flows that are perfect for their individual needs. Elecor negotiates a variety of deal types, so whether you’re looking to acquire a business with cash upfront, equity, or another type of investment, your needs can be met with Elecor.
In addition, to help with acquisitions, Elecor supports investors in increasing resale value and growing the businesses they acquire.
Valuation comes from multiplying EBITDA or SDE by an industry-specific multiple. EBITDA and SDE are not going to change rashly because they are based on past financial data. A business can, however, increase its valuation exponentially by acquiring more service lines or entire businesses, thereby increasing the multiple of the business.
For example, a skincare spa falls under a single multiple. However, when that same skincare spa starts selling skincare products online, additional retail multiple factors (2X+) are from the eCommerce component. If the spa’s online store sells a subscription service, an additional recurring revenue multiple (5X+) factors in. A single skincare spa can go from having one multiple to over seven (7X+) in a matter of months by making simple strategic improvements.
Business owners have plenty of pain points that are holding them back from the goal of growing and exiting their company. The team at Elecor have a knack for identifying those pain points and helping business owners quickly implement effective solutions. Anyone can identify problems, but it takes a skilled eye to know how to fix them.
Have you ever heard the story of the $10,000 screw? A man thought his car had reached the end of its useful life. He eased it into the mechanic’s garage, barely making it there. After a brief inspection of the car, the mechanic claimed he could fix the problem in five minutes. After the mechanic replaced a single screw, the car that seemed to be unfixable ran like new again. The car owner was ecstatic and was eager to pay the mechanic whatever was due. The mechanic handed him a $10,000 invoice. The mechanic explained that he wasn’t paying for the cost of the service (the screw that fixed the problem) but for the years of experience the mechanic had to know how to quickly identify and fix the problem by finding the screw that fixed the issue.
That is the same quality and experience that Elecor brings to business owners. Don’t pay for the screw – pay for the experience. Lessons are freely learned but wisdom is earned. With years of experience growing, acquiring, and selling great businesses, the Elecor team has the eye of expertise that can transform a business without wasting time and money that comes along with learning expensive (“free”) lessons on your own.
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Elecor, Inc.
Making Succession and Preservation of Your Legacy a Reality
At Elecor, we understand that a business acquisition is far more than a business transaction for the business owner. It is a process that involves a great deal of planning, mutual trust, and excitement. You’re allowing a stranger to step into your old dream and carry the torch or while giving yourself the freedom to step into your new dream. People choose to sell their businesses for a variety of reasons. For some, it is time to retire. For others, it is time to focus on a new passion. Many business owners just want a change, and many are enthusiastically seeking relief from some part of their once beloved business that is no longer satisfying their professional and personal needs.
Whatever the reason, the Elecor team understands that business owners do not seek acquisitions to buy services, have conversations, or get involved in some never ending process. Business owners start the acquisition process because they want and need a change sooner rather than later. Elecor team has an allegiance to getting business owners to your next opportunity, whatever that may be. With our quick closing process and proven partnership opportunities, Elecor gives business owners the power to say ‘YES!’ to everything they have always wanted.