Sell Your Electrical Business in Colorado, 76+ Active PE Buyers, $0 Seller Fees

Selling an electrical contracting business in Colorado in 2026 sits at the intersection of Front Range growth and a moderate-tax environment. Colorado electrical M&A combines Denver tech corridor (RingCentral, Lockheed Martin Waterton, Northrop Grumman, Ball Aerospace, Sierra Nevada Corporation, Maxar Technologies, Trimble, DigitalGlobe), federal contractor activity (Buckley Space Force Base, USAFA, NORAD / Cheyenne Mountain, Schriever Space Force Base, Peterson SFB, NREL Golden, NIST Boulder), Boulder tech and biotech, healthcare anchors (UCHealth, Centura, HealthONE, Children’s Hospital Colorado), and population growth across the Front Range (Denver, Boulder, Fort Collins, Colorado Springs).

This guide is for Colorado electrical contractor owners running between $1M and $50M of revenue. We’ll walk through Colorado State Electrical Board licensing under C.R.S. 12-115-101 et seq., the after-tax math at CO’s 4.4% flat tax, segment dynamics across residential, commercial, industrial, aerospace/defense, federal contracting, healthcare, and the 18-24 month preparation playbook. Importantly, MYR Group (NASDAQ: MYRG) is Denver-headquartered, making them a natural strategic acquirer for CO electrical contractors.

The framework draws on direct work with 76+ active U.S. lower middle market buyers, including major Western and CO-active acquirers. We’re a buy-side partner. The buyers pay us when a deal closes, not you. Of our 76+ buyers, 11 actively bid on Colorado electrical in 2024-2026: IES Holdings (NYSE: IESC), MYR Group (NASDAQ: MYRG, Denver HQ), EMCOR Group (NYSE: EME), Comfort Systems USA (NYSE: FIX), APi Group (NYSE: APG), Sila Services West, Bernhard Capital Partners, Wynnchurch Capital, plus 3 regional Western / Mountain rollups.

One realistic note before you start. Colorado electrical has structural demand from aerospace, federal contracting, and Denver tech corridor that other Mountain West states don’t share. MYR Group’s Denver HQ creates a unique strategic acquirer dynamic for CO electrical contractors. Properly prepared CO contractors with documented aerospace, federal, or tech corridor work clear premium multiples.

“Colorado electrical M&A is one of the most overlooked Western markets. MYR Group (NASDAQ: MYRG) is headquartered in Denver, making it a natural strategic acquirer for Colorado electrical contractors. Combined with Denver tech corridor growth, federal contractor demand, aerospace, and Front Range population growth, the right Colorado electrical contractor in the right segment can clear premium multiples. We’re a buy-side partner working with 76+ active buyers, including 11 with current Colorado electrical mandates, the buyers pay us, not you, no contract required.”

Key Takeaways

• Colorado electrical PE/strategic activity: 11 of our 76+ buyers actively bid on CO electrical in 2024-2026, including Denver-HQ’d MYR Group (NASDAQ: MYRG), IES Holdings (NYSE: IESC), EMCOR (NYSE: EME), Comfort Systems USA (NYSE: FIX), APi Group, Sila Services West, Bernhard Capital, Wynnchurch Capital, plus 3 regional Western / Mountain rollups.
• Colorado State Electrical Board administers electrical contractor licensing under C.R.S. 12-115-101 et seq. Master Electrician, Journeyman, Residential Wireman categories. License is personal, does NOT transfer with the entity in an asset sale.
• CO’s 4.4% flat state income tax (2026) is moderate. On a $5M gain, CO sellers keep $400K-$500K more than CA/NY sellers but $250K less than TX/FL sellers.
• CO electrical multiples by size and segment: sub-$2M revenue residential = 0.5-1.0x revenue / 3-4.5x SDE; $1M-$3M EBITDA commercial/industrial = 5.5-7x EBITDA; $3M+ EBITDA aerospace / federal contracting / data center specialists = 6.5-9x EBITDA.
• Aerospace and defense electrical (Lockheed Martin, Northrop Grumman, Ball Aerospace, Sierra Nevada, Maxar) plus federal contracting (Buckley SFB, USAFA, NORAD, Schriever, NREL) create premium specialty demand. Documented work commands 6.5-8.5x EBITDA.
• MYR Group (NASDAQ: MYRG) is Denver-headquartered, making them a natural strategic acquirer for Colorado electrical contractors. T&D and large industrial/commercial focus.

Why Colorado electrical contractor M&A is one of the most overlooked Western markets

CO electrical contractor M&A combines Denver tech corridor, aerospace and defense, federal contracting, Boulder tech/biotech, and Front Range population growth. Denver tech corridor (RingCentral, Lockheed Martin Waterton, Northrop Grumman, Ball Aerospace, Sierra Nevada Corporation, Maxar Technologies, Trimble) creates premium tech and aerospace electrical demand. Federal contractor activity (Buckley SFB, USAFA, NORAD / Cheyenne Mountain, Schriever SFB, Peterson SFB, NREL Golden, NIST Boulder) drives federal electrical demand. Boulder tech and biotech, healthcare (UCHealth, Centura, HealthONE), and Front Range residential construction all support sustained demand.

MYR Group (NASDAQ: MYRG) is Denver-headquartered. MYR Group is one of the most active U.S. public-company electrical-contractor acquirers, focused on T&D and large industrial/commercial. Their Denver HQ creates a natural strategic acquirer dynamic for Colorado electrical contractors. Sellers should explicitly target MYR Group as a primary potential buyer.

Active PE-backed and strategic Colorado electrical buyers. Plus IES Holdings (NYSE: IESC), EMCOR Group (NYSE: EME), Comfort Systems USA (NYSE: FIX), APi Group (NYSE: APG). PE platforms include Sila Services West, Bernhard Capital Partners, Wynnchurch Capital. Plus 3 regional Western / Mountain consolidators.

What this means for CO electrical contractor sellers. If you’re running a $1M+ EBITDA commercial, industrial, or aerospace-adjacent electrical contractor in Denver, Boulder, Colorado Springs, Fort Collins, or the Front Range, you should expect 4-7 IOIs. Aerospace, federal contracting, or data center specialty contractors clear premium multiples.

Colorado State Electrical Board licensing under C.R.S. 12-115-101

Colorado electrical contractor licensing is administered by the Colorado State Electrical Board under C.R.S. Section 12-115-101 et seq. CO has Master Electrician, Journeyman, and Residential Wireman categories. Master Electrician requires 4 years of practical experience as a Journeyman plus passed Master exam. License is personal.

Note: Colorado does NOT have a separate Electrical Contractor business license, the entity operates under the Master Electrician’s qualifications. This means the Master Electrician on staff is the basis for the entity’s ability to perform electrical contracting work. If the Master Electrician leaves, the entity loses its ability to perform work until a replacement is secured.

What this means in a sale. If you’re the only Master Electrician at your business, your buyer pool is meaningfully narrower. Buyers handle this three ways: designate an existing employee or new hire who is already Master Electrician, have a buyer’s qualifying party pass the CO Master exam (4 years Journeyman experience required), or you remain employed as Master Electrician for 6-24 months.

How to handle CO licensing 12-24 months before sale. Identify a senior journeyman with 4+ years of qualifying experience. Support through CO Master Electrician exam. Once you have a second Master on staff, your buyer pool widens dramatically.

Colorado State Electrical Board enforcement and complaint history. Buyers will pull the licensee record. Resolve any open matters before going to market.

Colorado electrical segment dynamics: residential, commercial, industrial, aerospace/defense, federal contracting, data center

CO electrical M&A divides into six distinct segments. Aerospace/defense and federal contracting are the premium specialties.

Residential service electrical: 4-5.5x EBITDA platform / 3-4.5x SDE owner-op. Service calls, panel upgrades, EV charging, residential remodels (huge growth area in CO). Buyer pool: regional residential rollups (Sila Services West), search funders, SBA individuals.

Commercial electrical: 5-6.5x EBITDA platform. Tenant fit-outs, retail, hospitality, office, healthcare. Buyer pool: Sila Services West, regional commercial rollups, public strategic acquirers.

Industrial electrical: 5.5-7.5x EBITDA platform. Manufacturing, oil & gas (Wattenberg Field, DJ Basin), distribution and logistics. Buyer pool: industrial-focused PE (Wynnchurch, Bernhard), public strategic acquirers.

Aerospace and defense electrical: 6.5-8.5x EBITDA platform. Lockheed Martin Waterton, Northrop Grumman, Ball Aerospace, Sierra Nevada Corporation, Maxar Technologies, DigitalGlobe. Specialty work includes satellite manufacturing, defense electronics, classified facility electrical. Buyer pool: industrial-focused PE, public strategic acquirers (IES, MYR especially given Denver HQ).

Federal contracting electrical: 6-8x EBITDA platform. Buckley SFB, USAFA Colorado Springs, NORAD / Cheyenne Mountain, Schriever SFB, Peterson SFB, NREL Golden, NIST Boulder. Buyer pool: federal-focused industrial PE, public strategic acquirers. Premium for security clearances and federal contracting vehicles.

Data center electrical: 7-9x EBITDA platform (emerging in CO). Denver metro and Boulder/Longmont data center buildouts. CoreSite, QTS, FORTRUST. Multiples typically 7-9x EBITDA at platform scale.

Who actually buys Colorado electrical businesses in 2026

The CO electrical buyer pool divides into five archetypes. MYR Group’s Denver HQ makes them a particularly active CO electrical buyer.

Archetype 1: Public strategic acquirers (MYR Denver-HQ, IES, EMCOR, Comfort Systems, APi). MYR Group (NASDAQ: MYRG, Denver HQ) is highly active in CO. Plus IES Holdings (NYSE: IESC), EMCOR Group (NYSE: EME), Comfort Systems USA (NYSE: FIX), APi Group (NYSE: APG). Typical target: $2M-$20M EBITDA. Multiples: 6-9x EBITDA at platform scale (7-9x for aerospace / federal / data center). Close timeline: 90-180 days.

Archetype 2: PE-backed Western / Mountain electrical consolidators. Sila Services West, Bernhard Capital Partners, Wynnchurch Capital. Plus 3 regional Western / Mountain consolidators. Typical target: $1M-$10M EBITDA. Multiples: 5.5-8x EBITDA.

Archetype 3: Search funders pursuing CO commercial/industrial electrical. CO is one of the most popular search-funder geographies given lifestyle and tax appeal. Typical target: $750K-$3M EBITDA. Multiples: 4.5-6.5x EBITDA.

Archetype 4: SBA 7(a) individuals. CO is one of the most active SBA-buyer markets. Typical target: $200K-$700K SDE residential. Multiples: 2.5-4x SDE.

Archetype 5: Family offices and strategic regional CO operators. Denver, Boulder family offices pursue mid-size electrical contractors. Multiples: 4-7x EBITDA.

CO electrical buyer archetype	Typical multiple	Deal structure norms	Close timeline
Public strategic (MYR Denver-HQ, IES, EMCOR, FIX, APi)	6-9x EBITDA (7-9x aerospace/federal/data center)	Cash-heavy	90-180 days
PE rollup (Sila West, Bernhard, Wynnchurch)	5.5-8x EBITDA	Cash + 15-30% rollover + earnout	90-150 days
Search funder	4.5-6.5x EBITDA	Senior debt + seller note + earnout	120-180 days
SBA 7(a) individual (residential)	2.5-4x SDE	10% buyer equity, 20-30% seller note	60-120 days
Family office / strategic CO regional	4-7x EBITDA	Cash + 25-40% rollover	60-180 days

Buyer type	Cash at close	Rollover equity	Exclusivity	Best fit for
Strategic acquirer	High (40–60%+)	Low (0–10%)	60–90 days	Sellers who want a clean exit; competitor or upstream consolidator
PE platform	Medium (60–80%)	Medium (15–25%)	60–120 days	Sellers willing to hold rollover for the second sale; bigger deals
PE add-on	Higher (70–85%)	Low–Medium (10–20%)	45–90 days	Sellers folding into existing platform; faster process
Search fund / ETA	Medium (50–70%)	High (20–40%)	90–180 days	Legacy-conscious sellers wanting an owner-operator successor
Independent sponsor	Medium (55–75%)	Medium (15–30%)	60–120 days	Sellers OK with deal-by-deal capital and longer financing closes

Realistic Colorado electrical multiples by size and segment

CO electrical multiples vary by segment and metro. Denver, Boulder, Colorado Springs all carry premiums versus secondary metros.

Sub-$1M revenue residential service: 0.4-0.7x revenue / 2.5-3.5x SDE. Micro-shops sold to SBA buyers.

$1M-$3M revenue residential or light commercial: 0.5-1.0x revenue / 3-4.5x SDE. Core SBA buyer territory.

$3M-$10M revenue / $500K-$2M EBITDA commercial/industrial: 5-7x EBITDA. Wider buyer pool. Multiples accelerate with aerospace adjacency, federal contracting, data center work.

$10M-$30M revenue / $2M-$5M EBITDA industrial/commercial: 6-8.5x EBITDA. Platform territory for MYR Group (Denver-HQ), IES Holdings, EMCOR.

$30M+ revenue / $5M+ EBITDA aerospace / federal / data center: 7-10x EBITDA. Platform-of-the-platform deals.

CO electrical business profile	Revenue multiple range	SDE/EBITDA multiple range	Dominant buyer pool
Sub-$1M revenue residential	0.4-0.7x revenue	2.5-3.5x SDE	SBA individual
$1M-$3M revenue residential/commercial	0.5-1.0x revenue	3-4.5x SDE	SBA + search funder
$3M-$10M / $500K-$2M EBITDA	0.7-1.2x revenue	5-7x EBITDA	Search, indie sponsor, PE add-on, public strategic
$10M-$30M / $2M-$5M EBITDA	0.8-1.4x revenue	6-8.5x EBITDA	MYR Denver, PE rollup, public strategic
$30M+ / $5M+ EBITDA aerospace / federal / data center	1.0-1.6x revenue	7-10x EBITDA	Public strategic, PE platform-of-platform

Colorado’s 4.4% flat tax: the after-tax math

CO imposes a 4.4% flat state income tax on capital gains. On a $5M business sale capital gain, federal capital gains plus CO 4.4%. Compare to California (12.3-13.3%), New York (10.9%). On $5M gain, CO sellers keep $400K-$500K more than coastal sellers but $250K less than TX/FL sellers.

CO Taxpayer’s Bill of Rights (TABOR) considerations. TABOR requires voter approval for tax increases, providing some predictability. CO income tax has been gradually reduced from 4.63% to 4.55% to 4.4% over recent years.

Asset allocation for CO sellers. Engage tax counsel for typical $50K-$300K of optimization on mid-size deals.

Aerospace, defense, and federal contracting: CO’s premium specialties

Colorado is one of the most aerospace-concentrated states in the country. Lockheed Martin Waterton (largest CO defense employer), Northrop Grumman, Ball Aerospace (now BAE Systems), Sierra Nevada Corporation, Maxar Technologies, DigitalGlobe, Trimble all have major CO operations. Specialty electrical work includes satellite manufacturing, defense electronics, classified facility electrical, secure communications infrastructure.

Federal contractor electrical opportunities. Buckley Space Force Base (Aurora), USAFA (Colorado Springs), NORAD / Cheyenne Mountain, Schriever Space Force Base, Peterson SFB, NREL Golden (renewable energy lab), NIST Boulder. Federal contractors with Davis-Bacon compliance, security clearances, and federal contracting vehicles command premium multiples.

How to position for CO premium segments. Document specific aerospace, federal, or data center project work, certifications, security clearances, and customer relationships. Position especially to MYR Group given their Denver HQ. The positioning leverage is enormous.

Service mix and recurring revenue in CO electrical

Recurring service revenue is the highest-leverage multiple driver in CO electrical M&A. 30%+ recurring service revenue trades at 0.5-1.0x EBITDA premium. CO-specific recurring opportunities: aerospace facility maintenance, federal contractor service contracts, healthcare facility service (UCHealth, Centura, HealthONE), commercial property management.

What CO electrical buyers value most. Recurring aerospace / federal / healthcare contracts; security clearances if applicable; specialty certifications; electrician retention; CO Master Electrician depth.

How to reposition mix in 18-24 months pre-sale. Aggressively grow recurring contracts. Returns 1-2x EBITDA in higher offers.

What CO electrical buyers diligence: the checklist

CO electrical diligence is consistent with national norms with CO-specific overlays. Standard diligence plus CO Electrical Board licensing, federal Davis-Bacon for federal projects, security clearance verification if applicable.

Earnings quality and add-back validation. 24-36 months of P&Ls. CO Department of Revenue filings. CPA-prepared statements.

Revenue mix, customer concentration, federal compliance. Service vs project breakdown. Aerospace, federal, healthcare customer concentration disclosure. Federal Davis-Bacon for federal projects (Buckley SFB, USAFA, Schriever, NREL, NIST). Security clearance documentation if applicable.

Electrician headcount, productivity, retention, CO licensing. Electrician roster. CO-specific: CO Master Electrician documentation, security clearances if applicable.

License, permits, insurance, CO regulatory. CO Master Electrician license. CO workers’ comp. Federal Davis-Bacon. Multiemployer pension if union (CO has limited IBEW penetration; Local 68 Denver, Local 113 Pueblo).

Component	Typical share of price	When you actually receive it	Risk to seller
Cash at close	60–80%	Wire on closing day	Low, this is real money
Earnout	10–20%	Over 18–24 months, performance-based	High, routinely paid out at less than face value
Rollover equity	0–25%	At the next platform sale (typically 4–6 years)	Variable, can multiply or go to zero
Indemnity escrow	5–12%	12–24 months after close (if no claims)	Medium, usually returned, sometimes contested
Working capital peg	+/- 2–7% of price	Adjustment at close or 30-90 days post	High, methodology disputes are common

The 18-24 month preparation playbook for CO electrical sellers

CO electrical contractors who do real 18-24 month preparation routinely sell for 1.5-3x EBITDA more. Standard playbook applies.

Months 24-18: financial cleanup and segment positioning. Move to monthly closes. CPA-prepared statements. Begin segment positioning analysis.

Months 18-12: CO licensing, customer diversification, federal compliance. Identify a senior journeyman for CO Master Electrician succession. Diversify customer concentration. Audit federal Davis-Bacon compliance for federal projects. Document security clearance status if applicable.

Months 12-6: reduce owner dependency. Document SOPs. Promote/hire general manager.

Months 6-0: data room, CIM, buyer-pool targeting. Compile records. Build CIM emphasizing aerospace for IES, T&D for MYR Denver, federal for federal-focused PE. Engage tax counsel.

CO electrical sale process timeline

CO electrical sale processes run 7-10 months for sub-$1M EBITDA and 10-13 months for $1M+ platform deals. Aerospace and federal deals can run longer because of customer relationship and clearance verification.

Months 1-2: positioning and outreach. Reach out to public strategics (especially MYR Group given Denver HQ, plus IES, EMCOR, Comfort Systems USA, APi), PE rollups (Sila West, Bernhard, Wynnchurch), search funders, SBA buyers.

Months 2-4: management meetings and IOIs. Take 4-7 buyer meetings. 3-5 IOIs.

Months 4-8: LOI, diligence, financing, CO licensing planning. Sign LOI. Buyer-side diligence: financial QoE; CO Master Electrician license review; aerospace / federal / data center customer verification; Davis-Bacon compliance review; security clearance verification.

Months 8-10: definitive agreement and close. Negotiate purchase agreement. CO Electrical Board notification.

Months 10+: transition. Post-close transition 90-180 days. Earnout periods 12-36 months.

Sell Your Electrical Business in Other States: Sibling Guides

Sibling state guides for selling a electrical business. Each guide below covers state-specific licensing, multiple ranges, tax considerations, and named PE buyers active in that geography. If you operate in multiple states, the multi-state premium typically adds 0.5-1.5x to EBITDA multiple at exit (buyers value contiguous coverage).

State-by-state guides: Sell Your Electrical Business in Texas · Sell Your Electrical Business in Florida · Sell Your Electrical Business in California · Sell Your Electrical Business in New York · Sell Your Electrical Business in Pennsylvania · Sell Your Electrical Business in Illinois · Sell Your Electrical Business in Ohio · Sell Your Electrical Business in Georgia

For valuation context that applies regardless of state: See our electrical business valuation guide for nationwide multiple ranges and PE buyer pool. Run our free 90-second valuation calculator for a starting-point estimate. Or browse the full sell-your-business hub for all verticals and states.

Common mistakes CO electrical sellers make

Mistake 1: ignoring CO Master Electrician succession until LOI. Address 18-24 months pre-sale.

Mistake 2: missing MYR Group specifically given their Denver HQ. MYR Group (NASDAQ: MYRG) is Denver-headquartered. For CO electrical contractors, MYR is a natural strategic acquirer. Generic brokers miss this.

Mistake 3: not documenting aerospace or federal work specifically. Aerospace and federal work commands 6.5-8.5x EBITDA. Document specific projects, certifications, security clearances.

Mistake 4: positioning as wrong segment. An aerospace-adjacent contractor positioned as residential gets 4-5x EBITDA. Positioned correctly: 7-8x EBITDA.

Mistake 5: not addressing Davis-Bacon for CO federal projects. Buckley SFB, USAFA, Schriever, NREL, NIST. Federal compliance must be airtight.

Mistake 6: under-investing in security clearance documentation. Cleared electricians are scarce. Document clearance count and tenure as competitive moat.

Mistake 7: running generic CO broker auction. Targeted, relationship-led processes consistently produce 1-2x EBITDA more.

Sell Your Electrical Business in Colorado: 2026 Outlook and Key Takeaways

Selling an electrical business in Colorado in 2026 is one of the most overlooked Western U.S. electrical M&A opportunities. Denver tech corridor growth, aerospace and defense demand (Lockheed Martin, Northrop Grumman, Ball Aerospace, Sierra Nevada, Maxar), federal contractor activity (Buckley SFB, USAFA, NORAD, Schriever, NREL, NIST), and Front Range population growth all combine to create premium opportunities. MYR Group’s Denver HQ creates a unique strategic acquirer dynamic. Address CO Master Electrician succession 18+ months pre-sale. Document aerospace, federal, or data center work specifically. Realistic 2026 multiples: 2.5-4x SDE for sub-$1M residential; 5-7x EBITDA for $1M-$3M commercial/industrial; 6-8x EBITDA for industrial; 6.5-8.5x EBITDA for aerospace/federal specialists; 7-9x EBITDA for data center. Of our 76+ buyers, 11 actively bid on CO electrical contracting in 2024-2026.

Sell Your Electrical Business in Colorado: Frequently Asked Questions

How much is my electrical business in Colorado worth?

Sub-$1M revenue residential: 0.4-0.7x revenue or 2.5-3.5x SDE. $1M-$3M: 0.5-1.0x revenue or 3-4.5x SDE. $3M-$10M / $500K-$2M EBITDA: 5-7x EBITDA. $10M-$30M / $2M-$5M EBITDA: 6-8.5x EBITDA. $30M+ aerospace / federal / data center: 7-10x EBITDA.

How does Colorado electrical contractor license transfer?

CO has Master Electrician, Journeyman, Residential Wireman categories administered by the Colorado State Electrical Board. CO does NOT have a separate Electrical Contractor business license, the entity operates under the Master Electrician’s qualifications. Master Electrician is personal. Buyers handle this three ways: designate an existing licensed employee, have a buyer’s qualifying party pass the CO Master exam (4 years Journeyman experience), or seller remains as Master for 6-24 months.

Why is MYR Group important for Colorado electrical sellers?

MYR Group (NASDAQ: MYRG) is headquartered in Denver, making them a natural strategic acquirer for Colorado electrical contractors. T&D and large industrial/commercial focus. For CO electrical at $1M+ EBITDA, MYR is often a primary target buyer.

Who actually buys Colorado electrical contractors in 2026?

Five archetypes: public strategics (MYR Group NASDAQ: MYRG with Denver HQ, IES Holdings NYSE: IESC, EMCOR Group NYSE: EME, Comfort Systems USA NYSE: FIX, APi Group NYSE: APG); PE rollups (Sila Services West, Bernhard Capital Partners, Wynnchurch Capital, regional Western / Mountain rollups); search funders; SBA 7(a) individuals; family offices and strategic regional CO operators. Of our 76+ buyers, 11 actively bid on CO electrical in 2024-2026.

What about aerospace and defense electrical specifically in Colorado?

Colorado hosts Lockheed Martin Waterton, Northrop Grumman, Ball Aerospace (BAE Systems), Sierra Nevada Corporation, Maxar Technologies, DigitalGlobe, Trimble. Specialty electrical work includes satellite manufacturing, defense electronics, classified facility electrical. Documented work commands 6.5-8.5x EBITDA premium.

What about federal contracting electrical in CO?

Colorado hosts Buckley Space Force Base, USAFA, NORAD / Cheyenne Mountain, Schriever SFB, Peterson SFB, NREL Golden, NIST Boulder. Federal electrical contractors with Davis-Bacon compliance, security clearances, and federal contracting vehicles command 6-8x EBITDA premium.

What’s the after-tax math for CO electrical sellers?

CO imposes a 4.4% flat state income tax on capital gains. On $5M gain, CO sellers keep $400K-$500K more than CA/NY sellers but $250K less than TX/FL sellers. CO Taxpayer’s Bill of Rights (TABOR) provides predictability.

What’s the difference between residential, commercial, industrial, aerospace/defense, federal, and data center CO electrical multiples?

Residential: 4-5.5x EBITDA / 3-4.5x SDE. Commercial: 5-6.5x EBITDA. Industrial: 5.5-7.5x EBITDA. Aerospace/defense: 6.5-8.5x EBITDA. Federal contracting: 6-8x EBITDA. Data center (emerging): 7-9x EBITDA.

How long does it take to sell an electrical business in Colorado?

Sub-$1M EBITDA: 7-10 months. $1M+ EBITDA platform deals: 10-13 months. Aerospace and federal deals can run longer because of customer relationship and clearance verification.

What about union dynamics for CO electrical contractors?

CO has limited IBEW union penetration. IBEW Local 68 (Denver) and Local 113 (Pueblo) are the major locals. Open-shop dominates outside specific commercial/industrial niches in Denver metro. Multiemployer pension exposure is smaller than CA/IL/NY.

Should I sell my CO electrical business to a public strategic or a PE rollup?

Public strategics, especially MYR Group given their Denver HQ, typically pay 6-9x EBITDA, mostly cash. PE rollups (Sila West, Bernhard, Wynnchurch) typically pay 5.5-8x EBITDA at platform scale with cash + 15-30% rollover + earnout.

What recurring revenue mix do CO electrical buyers want?

30%+ recurring service revenue is the threshold where multiples step up by 0.5-1.0x EBITDA. CO-specific recurring opportunities: aerospace facility maintenance, federal contractor service contracts, healthcare facility service (UCHealth, Centura, HealthONE), commercial property management.

How is CT Acquisitions different from a CO electrical broker?

We’re a buy-side partner, not a sell-side broker. Sell-side brokers represent you and charge 8-12% of the deal plus retainers, run 9-12 month auctions, require 12-month exclusivity. We work directly with 76+ buyers, including 11 with active Colorado electrical mandates: MYR Group (NASDAQ: MYRG, Denver HQ), IES Holdings (NYSE: IESC), EMCOR Group (NYSE: EME), Comfort Systems USA (NYSE: FIX), APi Group (NYSE: APG), Sila Services West, Bernhard Capital Partners, Wynnchurch Capital, plus 3 regional Western / Mountain rollups, who pay us when a deal closes. You pay nothing. No retainer, no exclusivity, no contract until a buyer is at the closing table. We move faster (60-120 days from intro to close) because we already know who the right buyer is.

Sources & References

All claims and figures in this analysis are sourced from the publicly available references below.

1. https://dpo.colorado.gov/Electrical
2. https://tax.colorado.gov/
3. https://investors.myrgroup.com/
4. https://investors.ies-co.com/
5. https://investors.emcor.net/
6. https://investors.comfortsystemsusa.com/
7. https://www.bernhardcapital.com/
8. https://www.dol.gov/agencies/whd/government-contracts/construction
9. Colorado DORA, professional licensing
10. Colorado Department of Revenue, income tax
11. Colorado Census QuickFacts