May 16, 2017
The Company is the country’s premier membership-based provider of marketing, sales support, professional training, purchasing benefits and business tools for HVAC, plumbing, electric and solar contractors focused on the residential market. Members represent approximately $1.5 billion in annual purchases, of which the Company captures only 10% today through its buying club, but growing annually. The Company enjoys a high retention rate among its 3,000 members in the U.S., Canada and Australia.
The Company experienced a compound annual growth rate of 39% since its inception in 2003, entirely from organic growth. For 2017, adjusted revenue is expected to exceed $16.5 million with over $3 million in adjusted EBITDA.
The Company has multiple revenue streams, with subscription and rebate revenue constituting the bulk of its annual total revenue. The Company continues to offer new, revenue-generating services to existing members and to increase its share of members’ purchases through its rebate program. In addition, management expects that revenue generated from the Company’s successfully launched trade show in 2016, will increasingly contribute to its bottom line.
Est. 2017 Revenue: $16.5 million
Est. 2017 EBITDA: $3.0 million