VERIFIED What I'm building · 2026
The short version

I'm building a firm that buys trade companies, runs them on one system, and grows them into something worth far more together.

Start in electrical, prove it, then acquire shop after shop — plumbing, HVAC, construction, civil — putting every one on the same modern back office and selling the whole thing at scale. This is the plan, the offer I'm bringing to David, and what the numbers look like.

$10M → $28M
David's capital, roughly tripled at exit
~$37M
platform revenue at scale
9 firms
acquired · 57 trucks · 5 trades
VERIFIED · The Lugo TeamConfidential · for family
The whole idea, in one page

Buy good shops. Put them on one system. Grow them together.

Great local trade businesses are everywhere — but the owner usually is the business, so they can't step away and can't easily sell. Verified gives them a buyer, a system, and a paycheck — and rolls them into one company that's worth far more than the sum of the shops.

01

Acquire

Buy strong owner-operator shops at a fair price (~4× earnings) — crews, trucks, and a book of work from day one.

02

Systematize

Put every shop on The Verified System — one AI-powered back office, one way of estimating, dispatching, and running jobs.

03

Consolidate & sell

Combine them into one bigger, cleaner firm and sell it at a much higher multiple (~8.5×) — or keep it for cash flow.

Why now — the people

Skilled-trade owners are retiring with no one to buy their shops. We're the buyer they can't otherwise find.

Why now — the tech

AI and modern software are pulling ahead of small shops. We bring it to them, built in.

Why now — the math

Buy small and cheap, sell big and consolidated. That spread is the engine of the whole thing.

Why an owner says yes

They get a real exit for a business they could never sell, a salary to keep running their crews without the ownership stress, and a system worth $250k+ a year in services they'd otherwise have to build alone. It's the difference between selling out and trading up.

The product

The Verified System

One platform that runs every shop we buy — and the thing we sell owners to get them to join. It's built first, in the opening weeks, then installed into each firm as we acquire it.

AI
AI back office
Answers the phone, books the job, chases the invoice — never a missed lead.
PM
JobTread project management
Every job run from an iPad in the field — photos, change orders, customer updates.
$
The Verified estimation process
Standardized, faster, more accurate bids — estimating is where the trades make or lose money.
Standardized field kit
The same iPad, phone, and network setup in every truck, every shop.
Back office & playbooks
Accounting, payroll, bonding, insurance, hiring — off the owner's plate.
This is the asset. Owners buy onto it, every shop runs on it, and it's what makes nine separate companies behave — and sell — like one. There's a full interactive walkthrough of it, screen by screen.
The offer I'm bringing to David

He funds it. He's paid back first. Then we share the upside.

David commits up to $10 million — but never as a lump sum. It's called in gated waves as each acquisition proves out, so most of it is never at risk at once. And he's made whole before I earn a dollar of my share.

1
His capital comes back first
Every dollar returned before any profit is split
$10.0M
2
Then a 10% preferred return
A priority return on top, before the split
+ pref
3
Then we split the profit 55 / 45
David keeps the majority — 55% — of everything above
55 / 45
David puts in
$10M
in gated waves, over ~6 years
David gets back
~$28M
about 2.8× his money · ~33%/yr
What the financials look like

Less than half a million to prove it. Ten to scale it.

The capital goes in only as the plan proves itself — a small check to prove the model, then bigger waves as each acquisition works.

Prove it
<$500k
Build the system, stand up electric, land the first firm.
Roll it up
$10M
Acquire 9 firms onto the system, in gated waves.
The platform
~$37M
Revenue at scale · ~$4.5M profit · 57 trucks.
Cash it
~$28M
Back to David at ~2.8×; my share ~$11.5M.

The fleet builds year by year

6
17
29
41
49
57
Y1
Y2
Y3
Y4
Y5
Y6

At full scale

9 firms · 57 trucks
~$37M revenue
~$4.5M annual profit
sold at ~8.5× → ~$47M value

And the floor: even if we prove the model but never acquire a single firm, Verified still grows organically into a real ~$16M business worth ~1.8× David's money. The downside isn't zero — the roll-up is the upside on top of a business that already stands on its own.
Who's building it

A small, sharp team — and one back office for everything.

The whole design is that adding a division never adds a back office. One central operation runs them all, so the team stays lean as the firm grows.

Founder & CEO
Steve

Runs the platform — the deals, the brand, and personally installs the system into the first firms. Leaves McCully in stages as it grows.

Operations Coordinator → Back-office lead
Sarah

The spine of the company from day one — scheduling, invoicing, customer experience, and watching every job across every division. Grows from running one shop's back office into leading it across the whole portfolio as each trade comes online.

Electric — Director & owner-operator
Adrian

Runs the founding electrical division under his license, with a real ownership stake in the line he runs.

The growth team
Integration Mgr · Estimator

An integration manager makes each acquisition repeatable; an estimator carries the Verified estimation process into every shop.

Construction Electric Plumbing HVAC Civil

Five trades, one system, one firm — built to be worth far more together than apart.

It starts with one truck and a proven idea. First launch: Monday, October 5, 2026.