Whether you're looking at HVAC, plumbing, electrical, or any other trade, the businesses worth getting excited about have a foreman or operations manager who runs the crews when the owner isn't there.
Rejigg lists 230 specialty trade contractors businesses for sale. The median asking price is $2.0M. 41 of them were listed in the last 30 days. The states with the most specialty trade contractors listings are Florida with 25 listings, California with 24, and Virginia with 13.
What to know about buying a specialty trade contractors business
How specialty trade contractors businesses are valued
Asking prices are set as a multiple of earnings: 2x–6x annual profit, depending on team, backlog, and how much runs without you.
Where you land in that range depends mainly on whether the business keeps making money without you in the field every day, the quality of your backlog, and how clean your books are.
Work already on the books
Clean, organized financials
A foreman or manager who runs the crews
Customers that come from different sources
What buyers of specialty trade contractors businesses look for
Other tradespeople expanding through acquisition
First-time buyers with industry experience
Investors building a group of regional trade companies
Companies in related trades looking to add your specialty
The first questions buyers ask:
Job Margins. Can you prove your margins by job, including change orders and callbacks?
WIP Clarity. How do you produce WIP, and does it tie cleanly to percent complete, billings, and retainage?
Cash Collection. How much cash is stuck in retainage and slow-pay GCs, and how long does it take you to collect?
Closed deals
Rejigg specialty trade contractors deals closed
Across 42 closed deals on Rejigg, the median time from first pitch to close is 177.5 days.
Practical guidance from hundreds of real acquisition conversations.
A real second-in-command
Ask who runs field operations when the owner is not on site and what their day actually looks like.
A foreman or ops manager with five or more years of tenure who estimates, schedules, and handles quality issues is the clearest sign you're buying a business, not a job.
A second-in-command who's been there for years is the single thing that most separates a transferable trade business from one that walks out the door with the seller.
Find out whether that person plans to stay after a sale, and what it would take to keep them.
Backlog and signed contracts
Ask how many months of work are currently scheduled and how much of it is under signed contract.
A solid backlog with verified job-level margins tells you the first few months of your ownership are not starting from zero.
Recurring service agreements with commercial buildings or school districts are especially valuable because they provide baseline revenue that doesn't depend on winning new bids.
Ask about the mix between backlog from existing relationships and one-time project wins.
Job costing records
Clean job costing documentation lets you verify that the profits the seller is reporting are actually coming from the work.
Ask for job cost reports going back two to three years and look for whether estimated margins match actual margins across different project types.
Consistent margins across project types signal that the estimating process is disciplined, not just lucky.
If margins vary widely job to job, it's worth understanding why before you close.
Workforce stability
Ask about average crew tenure and how many workers left in the last year.
A crew that's been together for several years with low replacement costs is a genuine asset that took time to build.
High turnover in skilled trades is expensive and often signals a management or culture problem worth understanding.
Ask how the company handles recruiting when it needs to add capacity, because that process tells you a lot about how organized the operation really is.
Licenses, bonds, and insurance
Ask what licenses the company holds and whether they're tied to the entity or held personally by the owner.
Find out what the bonding capacity is and whether any jobs were turned down because of bonding limits.
Confirming that licenses and insurance transfer cleanly early in diligence prevents the most common surprises close to closing.
Insurance claim history over the past three years is also worth reviewing to understand any recurring safety or quality issues.
Valuation
What Should You Expect to Pay?
2x-4x
SDE
Owner-operated with project-based revenue and moderate backlog
3x-6x
EBITDA
With management team, recurring service contracts, and strong backlog
Businesses where the owner isn't needed in the field and the backlog is verified and documented consistently get higher offers than those where the earnings depend on the owner's personal presence.
What drives a premium
Signed backlog of 3+ months of work with verified job-level margins
Foreman or operations manager with 5+ years of tenure running crews independently
Recurring service agreements representing 30%+ of annual revenue
Multiple lead sources with no single customer representing more than 20% of revenue
Thinking About Selling?Read our owner's guide to selling a specialty trade contractors business, with valuation tips, buyer expectations, and step-by-step advice.
How do I contact the owner of a business I found on Rejigg?
Create a free Rejigg account; owners, and the brokers who run some sales, only hear from buyers through the platform. Open the listing to see the full profile: city, team size, financials, what is for sale, and the reason for selling. Sign Rejigg's standard Fee & Confidentiality Agreement for that business; it is the same form for every deal. Verify your phone, then send your pitch from the listing. Replies, meetings, and documents all run through Rejigg.
Can I email Rejigg to get introduced to an owner?
No. Rejigg does not forward emails to owners or brokers, so a note to support@ or hello@ with a listing link will not reach them. Create a free account, open the listing, sign the agreement for that business, verify your phone, and send your pitch; that reaches them in a few minutes.
Can you prove your margins by job, including change orders and callbacks?
Buyers are checking that your gross margin holds up job-by-job, not just on the annual P&L. They want to see labor hours, labor burden, materials, rework, and change orders captured the way the job really happened in the field. If you can’t tie margin to job records, most buyers assume margin drift and discount your earnings.
How do you produce WIP, and does it tie cleanly to percent complete, billings, and retainage?
Buyers are trying to confirm profits are showing up in the right month and that losses are not hiding inside active jobs. They want percent-complete updates they can trust, plus clean overbilling, underbilling, and retainage by job. If WIP lives in a spreadsheet only the owner understands, buyers assume your financials are harder to rely on.
How much cash is stuck in retainage and slow-pay GCs, and how long does it take you to collect?
Buyers are sizing the cash cushion needed to float payroll and materials while you wait on pay apps and retainage release. They also want to know why collections drag, since closeout delays can be a paperwork issue or a relationship and dispute issue. This usually impacts deal structure because slow collections can make the first 90 days tight for a new owner.
Do you monetize scope creep, and how do changes get documented and approved the same day?
Buyers want to see that your team protects margin without the owner having to police every job. They’re looking for a repeatable habit in the field: changes get flagged early, backed up with photos and notes, and pushed to written approval before extra labor and material pile up. If the process is loose, it often shows up as margin drift and pay app fights with the GC.
Who actually runs the field when jobs go sideways?
Buyers are trying to see whether foremen and PMs truly run production or whether every hard call goes back to the owner. They’ll ask about the ugly stuff: failed inspections, missing submittals, schedule compression, and quality problems. If the owner is the only “fixer,” buyers usually price in key-person risk and a longer transition.
Are your GC and project terms quietly squeezing you?
Buyers are looking for contract terms that shift risk onto you or slow your cash, even when the job looks profitable. In specialty trades, this usually shows up as pay-when-paid, short notice windows for changes, backcharges, liquidated damages for schedule slips, and warranty terms that linger. Sellers who can explain what they negotiate, what they price for, and what they refuse feel much safer to a buyer.