RAW Ventures
Operator-led acquisition & investment
Construction & Trades · Texas
Construction is a large, fragmented category in Texas — specialty trades, civil, sitework, concrete, framing, and commercial GCs. We focus on specialty and trade contractors with repeatable scopes, strong field leadership, and a real backlog.
Valuation
Construction valuations are about working capital, backlog quality, and key-person risk. Specialty trades with diversified GCs and disciplined estimating earn higher multiples than general contractors with project concentration.
EBITDA Multiple
3.0x – 5.5x Adjusted EBITDA
Revenue Multiple
0.3x – 0.8x trailing revenue
Educational ranges based on RAW Ventures' active Texas deal flow. Your business will be valued on its specific financials and risk profile.
What Drives Value
Common Detractors
Acquisition Criteria
Revenue
$5M – $75M
EBITDA
$750K – $8M
Geography
Texas-headquartered (DFW, Houston, Austin, San Antonio, or surrounding metros) strongly preferred; nationwide operators welcome.
Notes
Specialty / civil / commercial trade contractors preferred; clean WIP required.
Succession & Structure
Not every Construction owner wants the same exit. We structure transactions around your timeline, your tax picture, and your relationship with the team.
Explore Succession Hub →Anonymized Texas Case Studies
Greater Houston
$22M revenue / $2.8M EBITDA
Full acquisition, 18-month consulting agreement
Founder built a 30-year concrete sub. We acquired, kept the entire 90-person team, and the founder transitioned customer relationships over an 18-month engagement.
Frequently Asked
We work with your existing surety pre-close and stand up our own program in parallel so capacity never gaps.
Selectively — diversified commercial GCs with a strong backlog and PM bench, yes. Single-customer GCs, no.
Confidential Inquiry
Principal-to-principal. No fees. NDA on request. We reply within one business day.
Other Texas Industries