Electrical contracting, Texas

Sell your electrical business in Texas to a buyer who values service over construction.

Residential service, light commercial, and specialty electrical across DFW, Houston, Austin, and San Antonio. Free valuation, anonymous listing, no seller fee at close.

Run from Princeton, Texas, by an operator who has run a trade business.

Why buyers are here

Electrical is the trade platforms are adding next.

The same acquirers who consolidated HVAC are now buying electrical to cross-sell into an existing customer base. Recent sector transactions:

$2BApollo into Apex Service Partners
$2.5BBlackstone buys Champions Group at 18.5x
$1.1BAltas recapitalizes Redwood Services
27Active US HVAC PE platforms
$7B+Deployed into trades in 18 months
The electrical market

What buyers pay for in an electrical company

Electrical contracting has trailed HVAC in the consolidation cycle, and that lag is now closing quickly. The platforms that spent the last several years buying HVAC and plumbing companies have learned that the most efficient way to grow revenue per customer is to sell a second and third trade into a book they already own. Electrical is the natural addition, and in Texas it is being actively acquired.

That creates a specific opportunity and a specific trap. The opportunity is that a residential and light commercial service electrician with a real customer base is strategically valuable to a buyer who already has HVAC density in your market. The trap is assuming all electrical revenue is valued the same way. It is not, and the gap between the two ends of the range is wider in this trade than in almost any other.

Service work and construction work are priced very differently

This is the single most important thing an electrical seller needs to understand. Residential service and repair, panel upgrades, troubleshooting, and small commercial service carry recurring demand, fast cash conversion, and good margins. New-construction electrical, tract housing rough-ins, and larger commercial projects involve bid pricing, retainage, progress billing, thin margins, and material and labor risk sitting on your balance sheet. Buyers value the first far above the second, and a business that is mostly construction will price several turns below one of the same size that is mostly service.

If your revenue is mixed, break it out cleanly by category with margin attached. Sellers who present one blended revenue number invite a buyer to assume the worst about the mix.

What raises an electrical multiple

  • Panel and service upgrade volume. Older Texas housing plus higher household electrical load means steady demand for service upgrades, which are high-ticket, high-margin, and repeatable across a neighborhood.
  • Generator sales and service. After the 2021 freeze, standby generator installation and the maintenance contracts that follow became a durable Texas revenue line. Generator service agreements are genuine recurring revenue and should be presented as such.
  • EV charger installation. Growing residential demand, good average ticket, and a natural lead source into panel upgrade work.
  • Recurring commercial maintenance. Lighting maintenance, property management relationships, and scheduled inspection work are stable and valued above project work.
  • Membership or service plan programs. Rarer in electrical than in HVAC, which is exactly why it stands out. A company with an established service plan base is differentiated.
  • Cross-sell readiness. If your customer list overlaps with the residential service market an HVAC platform already serves, say so. That overlap is the reason they are buying electrical companies in the first place.

Texas licensing is the diligence item that delays closings

Texas electrical contracting runs through a master electrician license and a licensed electrical contractor registration with the state. A buyer cannot operate without that structure in place, and it does not transfer automatically with the company. If you are the master electrician of record, your post-close role becomes a central deal term rather than a detail. Owners who have a second master electrician on staff, or who are willing to remain licensed through a defined transition, are meaningfully easier to buy, and that shows up in both price and how much of it is paid at close.

Ranges are illustrative, drawn from publicly reported transaction data across the trades, and shift with service versus construction mix, scale, concentration, and growth. Actual value is determined in diligence.
ProfileTypical EBITDA multipleNotes
Under $500K EBITDA4.0x – 6.5xAdd-on candidate, licensing and owner dependence
$500K – $3M EBITDA5.0x – 8.0xWhere most Texas electrical deals land
Above $3M EBITDA6.0x – 9.5xPlatform potential, rollover equity likely
Majority residential service revenue+0.5x to +1.0xService books price above construction books
Majority new-construction revenue−1.0x to −2.0xBid risk, retainage, and thin margins
Generator or service plan recurring base+0.5xRare enough in electrical to be a differentiator

Confidentiality while you explore

Your listing shows the trade, the region, and the financial profile, and nothing that identifies you. Buyers sign a confidentiality agreement before any identifying information is released, and you approve when that happens. Nothing reaches your customers, your competitors, or your electricians.

How it works

From first look to closing table.

Four steps, typically three to six months end to end.

1
Free valuation

Revenue, EBITDA, recurring mix. An estimated enterprise value range in a couple of minutes, with no contact details required to see it.

2
Private call

Pressure-test the estimate with an operator who has run a trade business and knows what buyers actually pay for.

3
Anonymous listing

Your profile reaches vetted buyers with confirmed capital and a mandate that fits your market. Nothing identifying until you approve it.

4
Offers and close

Compare structures side by side with your own counsel. No seller fee comes out of your proceeds.

Questions

Straight answers for electrical business owners.

What are electrical companies selling for in Texas?

Most Texas electrical transactions land between roughly 5x and 8x EBITDA, with platform-scale companies above $3M of EBITDA pushing higher. The single largest factor is the mix between residential and light commercial service work, which prices at the top of the range, and new-construction or project work, which prices well below it.

Why is my construction revenue worth less than my service revenue?

Because of margin, risk, and predictability. Construction work is bid-priced with retainage, progress billing, and material and labor exposure sitting on your balance sheet, and it disappears first in a downturn. Service revenue recurs, converts to cash quickly, and carries better margins. Buyers pay for the second and discount the first.

Do private equity buyers actually want electrical companies?

Increasingly yes. Platforms that consolidated HVAC and plumbing have found that selling a second and third trade into an existing customer base is the cheapest growth available to them, and electrical is the standard next addition. In Texas, buyers with existing HVAC density are actively looking for electrical companies serving the same neighborhoods.

What happens to my master electrician license when I sell?

It does not transfer with the business. Texas requires a licensed electrical contractor registration backed by a master electrician, so a buyer needs either their own master or a transition arrangement with you. Having a second master electrician on staff makes the company substantially easier to buy and typically improves both the price and how much of it you receive at close.

Is generator and EV charger work worth highlighting?

Yes. Standby generator installation with follow-on maintenance contracts is genuine recurring revenue, and EV charger work carries good average tickets while generating panel upgrade leads. Both are growth lines buyers can underwrite, so break them out rather than leaving them inside general service revenue.

Find out what your electrical business is worth.

Free, confidential, and takes about five minutes. No obligation, no pressure, no cost.

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