Sell a Commercial Electrical business

Owner-operator commercial electrical businesses trade at 3.5x–5.5x SDE for typical $500K–$3M SDE ranges. At $3M+ EBITDA scale the same operators sell at 6x–10.5x EBITDA. Multiples in this category are ebitda-based and data-sourced from AGC / FMI Construction Industry M&A Report 2025 + IBBA Q4 2024. Where you land in the range is driven by growth trajectory, revenue mix, customer concentration, and management-team depth beyond the owner.

MYR Group (NASDAQ: MYRG), IES Holdings (NASDAQ: IESC), Rosendin Electric, and PE platforms (Comfort Systems USA, APi Group) drive electrical contractor consolidation. Active buyer archetypes in construction include National contractor / vertical integrator, Construction PE platform, Family office / long-hold. Which of these bids for your business depends on scale — sub-$1M SDE is typically individual or search-fund territory, $1-3M SDE opens up PE platforms and strategics, and $3M+ EBITDA gets full LMM buyer attention.

Commercial electrical contractors with data-center, healthcare, or industrial-project experience, prefab-shop capacity, and BIM-coordinated project delivery trade at premium — the specialty-vertical experience is a durable differentiator. Beyond the industry-specific factor, the universal drivers in construction are bonding capacity and clean surety-carrier relationship; multi-year project backlog with reputable gcs / owners; union / prevailing-wage workforce where applicable (or explicitly non-union).

Commercial electrical relies heavily on skilled journeymen and JATC apprentice pipelines; buyers scrutinize your workforce succession and IBEW/open-shop labor mix. Buyers in this category also standardly scrutinize project profitability variance and buried job losses and bonding capacity limits growth. Addressing these in advance in a well-prepared CIM materially reduces retrade risk during diligence.

Typical transaction range for commercial electrical is $3.0M–$120M in annual revenue. Below that, buyer pool narrows to individual and small-search-fund. Above that, PE platforms and strategics dominate. NAICS code 238210 — buyers screen by NAICS in most deal sources.

From the day you engage a broker to close, expect 6–12 months for a well-prepared business in construction. The prep work — financial cleanup, addbacks documentation, key-employee retention agreements, real estate lease sorting — is where 3-6 months of the timeline hides. Starting that early is what separates a full-multiple exit from a discounted one.