Black Tier Capital

Sector · Construction

Acquiring construction businesses.

Selling a construction business starts with understanding its contracts, site teams and cash cycle. Black Tier looks at each of these alongside your plans as an owner.

Illustration: British brick building refurbishment with scaffolding and exposed structural work
Contracts, people and delivery.Illustrative image

What matters in a construction acquisition?

An order book needs context: the type of contracts, who delivers them, when the business is paid and where risk sits. That is the conversation behind the headline turnover.

Where the conversation goes

  • Live contracts, future work and client concentration
  • Site leadership and the owner’s day-to-day role
  • Payment terms, retentions and working-capital demands

The things that matter in a construction business.

  1. 01

    Contracts and pipeline

    The quality of the order book and client relationships matters as much as last year's turnover.

  2. 02

    Labour and supervision

    Who runs the sites, how the workforce is organised, and how much depends on the owner.

  3. 03

    Cash and payment cycles

    Valuations, retentions and payment terms shape how the business really performs.

  4. 04

    Risk and compliance

    Health and safety, insurance and quality systems that protect the business and its clients.

Owners of established contracting businesses.

If you have built a construction business with a steady client base and a team around you, and you are starting to think about succession, stepping back or bringing in investment, we would like to hear from you.

We are interested in how the business works as much as in its numbers — and we will tell you early whether it fits our criteria.

A first-conversation checklist for owners

Own a construction business?

Tell us a little about your business and what you are considering. There is no obligation, and nothing moves forward without your agreement.