Pacifica Enterprises is proud to announce the acquisition of West Coast Hot Mop (“WCHM”), a licensed subcontractor specializing in the waterproofing of showers and baths using the hot mop technique.
WCHM was acquired for $650,000, an estimated 2.5x EBITDA. WCHM has been operating for nine years in Southern California, covering all counties—from Santa Barbara to San Diego and Riverside. The gross sales have increased at an annualized rate of 23.3% since its inception, reaching $1.5 million in 2018.
With the new capital injection, the aggressive growth strategy, the portfolio platform supported by Pacifica Enterprises, and its extensive relationships in the building industry, WCHM is poised to double its EBITDA over the next three years, according to Elijah Arcos, its new general manager.
The acquisition of WCHM is the first for Pacifica’s small-business growth fund, a $15-million equity fund formed to acquire and grow small businesses in Southern California.