Profitable Full Service Property Maintenance with Institutional Clients

Listing ID:

3715

Location:

Alberta

Business Overview:​

Project Aurora (“the Company”) is a well-established facilities management and contracting partner based in Alberta. With over 37 years of continuous operations, the Company has built trusted, long-standing relationships with institutional landlords, REITs, and property managers across Western Canada.

The Canadian property services industry is valued at approximately $9.7B and remains highly fragmented, with the top four players representing less than 10% market share. This dynamic creates a significant consolidation opportunity, with institutional clients increasingly outsourcing recurring maintenance and capital projects.

The Company offers an asset-light, cash-generative platform with no HR legacy obligations and proven free cash flow conversion. For strategic acquirers, the Company provides entrenched institutional relationships and the ability to cross-sell broader service offerings across REIT and landlord portfolios.

Normalized Financial Summary:

Gross Revenue:

EBITDA:

2025

$2,905,627

$559,702

Investment Highlights:

  • Established Reputation: 37 years of operations with embedded, high-barrier client relationships.
  • Recurring & Sticky Revenue: ~12% from maintenance contracts, creating predictable cash flow and strong client stickiness.
  • One-Stop Solution: Full-service partner from routine maintenance to large-scale tenant improvements and emergency response.
  • Robust Financial Profile: Projected FY2025 normalized revenue of $3M and normalized EBITDA of $747K (~24% EBITDA margin).
  • Lean, Scalable Platform: Operations delivered through a deeply entrenched subcontractor network. This model drives attractive margins, eliminates HR liabilities, and provides acquirers flexibility to integrate or scale with additional management infrastructure.
  • Growth Potential: Expansion opportunities into adjacent provinces and further formalization of recurring contracts.

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