Revenue for 2016 was $1.9mm with a run-rate for 2017 through 1st quarter of $2.4 annualized. SECC has entered into additional work of approximately $500K above their original projections, which will result in annualized revenue of approximately $3mm.
Southern Engineering & Construction Corp. (SECC) was established in 2002 to service the telecommunications industry. SECC is a full-service contract company performing all aspects of engineering from route development, design, permitting as well as ISP design and “as built” documentation. On the construction side services include directional boring, open excavation, aerial placement, fiber optic installation, splicing and testing. Currently SE&CC has four 5 man crewsoperating out of Sunrise, Florida with a maintainence facility located in Lake Placid Florida. SECC’s full service engineering department works out of the Sunrise location.
Revenue for 2016 was $1.9mm with a run-rate for 2017 through 1st quarter of $2.4 annualized.
SECC has entered into additional work of approximately $500K above their original projections, which will result in annualized revenue of approximately $3mm.
Although SECC is available throughout the Southeast on a project by project basis, theirprimary markets are the Tri-County area of South Florida, including Palm Beach, Broward and Miami-Dade Counties. SECC’s customers in this area include three of the premier national and international service providers in the Fiber Optic industry, Level 3 Communications, FiberLight, LLC and FiberNet Direct, LLC.SECC has had a long-standing relationship with each of these companies dating back to their predecessor companies.
The Telecommunication industry is experiencing tremendous growth in Fiber-Optic infrastructure. The industry experts have predicted that the CAGR (Compounded Annual Growth Rate) over the next 5 years with be approximately 9.8 % per annum from the current market of $3.1 Billion to $5 billion USD by 2022. This is due to the increase in demand across all sectors, including FTTH (fiber to the home) and FTTB (fiber to the business). In the US the market penetration is approximately 25%. Therefor the opportunity is significant for HDD contractors and especially SECC with their turnkey capabilities of engineering and construction services.
SECC has tremendous growth opportunities due to their existing customer’s large foot print in all the major Metro areas of Florida including Orlando, Tampa and Jacksonville. These projects include the expansion of existing underground and aerial Fiber Optic infrastructure and services to the end users.
SECC did $1.9mm in revenue for 2016 with a projected run-rate for 2017 of over $2.4mm. With additional funding to provide for expansion of crews and equipment, SECC could surpass $4mm in 2017.