Tri-utility procurement-services plus facilities-aggregator plus gas-mains-construction bundle across HMP&L electric plus HMG natural-gas plus HWU water-and-sewer at the shared 100 Fifth Street address.

The three utilities are distinct procurement counterparties. HMP&L runs city electric distribution under KRS 96.520. HMG runs natural-gas distribution under KRS 65 bound by PHMSA 49 CFR Part 192 distribution-operator-safety. HWU runs drinking-water plus wastewater plus storm-water under KRS 65 bound by EPA SDWA plus CWA compliance including the Lead and Copper Rule Revisions service-line inventory regime. The 100 Fifth Street co-location is procedural per hendersonky.gov capture; whether the three utilities share one building under one roof or share a mailing address across separate office space inside an administrative complex is a an item we have not confirmed as of May 2026. Each procures its own services under its own published procurement policy with its own small-purchase plus formal-solicitation thresholds, its own annual unit-price-contract plus multi-year-master-agreement plus project-by-project bid-lot vehicle mix, and its own procurement-officer-of-record.

The procurement-services consulting line. RFP development plus RFP-response coaching for vendors entering the system plus contract-vehicle structuring across annual unit-price contracts and project-by-project bid lots plus PSC docket preparation where rate-case or certificate filings apply plus 2 CFR 200 single-audit-readiness support where federal-pass-through dollars flow plus KRS 61.870-.884 Open Records request-handling produces year-round consulting revenue smoothed across the three utilities' procurement calendars. Revenue per utility-client runs $25K-$75K annually with adjacent engagements at the Fiscal Court plus Riverport Authority plus Airport plus chamber-Gold-member private clients at similar unit pricing.

The gas-distribution-mains construction line. A two-to-four-person Henderson-resident crew running a directional drill, a small excavator, a service truck, and a fusion-equipment kit, with crew supervisors carrying PHMSA OQ covered-task certification at the joining plus tapping plus pressure-testing levels the scope requires, delivers main installation plus service-line setting plus tie-in and abandonment plus small-diameter replacement on annual unit-price contract or project-by-project bid lots. Annual revenue per crew runs $250K-$800K depending on main-replacement cadence, gas-main vintage profile, and any accelerated-action posture under the distribution-integrity-management framework. The scope stacks with adjacent HWU water-main and sewer-main work on the same equipment and with private-sector commercial-and-industrial service-line work across Henderson plus Corydon plus Robards plus the unincorporated balance of the county.

The facilities-services aggregation line. Janitorial Monday-through-Friday plus quarterly HVAC PM plus grounds plus structural pest control plus fire-safety annual inspection across the 100 Fifth Street shared building plus the County Fiscal Court at 20 North Main Street plus City Hall at 222 First Street plus the Henderson County Riverport at 1755 Steamboat Drive plus Kenergy Corp. at 6402 Old Corydon Road plus Henderson Community College at 2660 South Green Street plus the Henderson City County Airport at 1860 Powell Street plus the Housing Authority of Henderson plus selected chamber-Gold-member private sites at Audubon Metals plus Hydro Aluminum plus Pratt Industries plus Sonoco plus Shamrock Technologies plus Nylene produces a $200K-$500K annual recurring book underwritten on multi-year terms with annual escalators tied to a published index.

Catchment geometry. A Henderson-resident operator moves between any two of those facilities in five to twenty minutes inside the City of Henderson and twenty to thirty-five minutes out to the Robards-Sebree industrial cluster on US-41 South. An Owensboro operator coming from Daviess adds thirty to forty-five minutes each direction; a Madisonville operator from Hopkins adds thirty-five to fifty; a Vanderburgh Indiana operator faces dual-state licensing friction plus Evansville traffic across the Bi-State Bridges. Geographic position inside the City of Henderson urban core with the entire municipal-utility plus chamber-Gold-member portfolio inside a ten-mile radius is the durable cost advantage.

The two-principal structure is essential. The procurement-services principal needs municipal-procurement, PSC-docket, or local-government RFP-response background — typically a former municipal procurement officer, a former utility regulatory affairs staffer, or a long-tenure local-government CPA or consultant who can sign engagement letters and respond credibly to formal solicitations. The field-trades principal needs a different Kentucky license stack — PHMSA OQ covered-task certification for gas-mains, KBHC HVAC technician licensure for facilities HVAC, Kentucky structural-pest-control licensure under the Department of Agriculture, and the operator-qualified crew supervisors required to put a main-replacement directional-drilling crew into the field. The shared administrative back-office handles intake, scheduling, billing, and documentation handoffs between the three lines and manages the disclosure-and-recusal log that conflict-of-interest requirements impose when the consulting principal advises one utility on an RFP that the same firm's field-trades crew may bid into.

Procurement-services consulting line at $25K-$75K annually per utility-client at the three utilities plus the City plus the Fiscal Court plus the Riverport plus the Airport plus selected chamber-Gold private engagements. Year-1 ramp two-to-four engagements at $50K-$220K. Year-2 four-to-seven engagements at $150K-$420K. Year-3 plus stabilized six-to-ten engagements at $200K-$550K annually.

Gas-distribution-mains construction line at $250K-$800K annual per two-to-four-person Henderson-resident crew. Equipment startup directional drill plus small excavator plus service truck plus fusion-equipment kit at $140K-$320K. OQ-and-safety-training startup at $15K-$40K. Working-capital reserve bridging thirty-to-sixty-day municipal payable cycle at $40K-$110K. Year-1 first unit-price contract or project-by-project bid lot with HMG plus adjacent private-sector commercial-and-industrial service-line work at $150K-$450K. Year-2-plus stabilized cadence at $300K-$800K annually.

Facilities-services aggregation line at $200K-$500K annual once the aggregated portfolio is built. Service-vehicle plus janitorial-and-HVAC tooling plus pest-control treatment trailer plus fire-safety inspection tooling plus Kentucky structural-pest-control plus KBHC HVAC licensure at $35K-$80K. Year-1 two-to-three contracts at the 100 Fifth Street building plus the Fiscal Court plus one or two chamber-Gold sites at $75K-$200K. Year-2-plus stabilized five-to-eight contracts at $200K-$500K. Margins tight on janitorial; HVAC-PM plus pest-control plus fire-safety inspection portions carry healthier margins.

Bundle aggregate run-rate ladder. Year-1 $275K-$870K against initial consulting plus facilities entry plus first HMG bid lot. Year-2 $600K-$1.4M as the gas-mains crew stabilizes and the facilities book builds. Year-3 plus $750K-$1.85M as the three lines settle into steady-state. Labor 42-52% across the two principals plus three-to-six administrative-and-trades W-2 staff (admin $42K-$65K; trades $48K-$78K fully-loaded at the Henderson MSA-adjacent wage-base; principals draw $90K-$180K Year 2-3 each). Materials 14-22%. Equipment plus vehicles depreciation 6-9%. Insurance plus pollution-liability-rider plus bonding 5-8%. Overhead 11-15% elevated by triple-counterparty compliance plus disclosure-and-recusal documentation.

Founder-side capital $200K-$500K. Directional drill plus small excavator plus service truck plus fusion-equipment plus janitorial-and-HVAC plus pest-control plus fire-safety tooling at $180K-$400K aggregate. Document-management software plus engagement-letter system plus disclosure-and-recusal log infrastructure at $5K-$15K. PHMSA OQ covered-task training plus KBHC HVAC plus Kentucky structural-pest-control plus PSC-docket-familiarization plus 2 CFR 200 single-audit-readiness training at $20K-$55K. Professional-liability plus general-liability plus pollution-liability rider plus workers'-comp plus auto plus bonding-premium insurance stack at $40K-$90K per year. Working-capital reserve bridging municipal payable cycle at $40K-$110K.

Explicit non-PE operator structure. No platform-rollup arithmetic, no add-on EBITDA multiple, no franchise posture. The founder capital range sits inside the two-principal owner-operator envelope. Family-capital deployment at this tier is realistic; principal-of-record on each of the procurement-services consulting line and the field-trades line is the operating shape the candidate is built around. The disclosure-and-recusal regime where the consulting principal advises one utility on an RFP that the same firm's field-trades crew may bid into is documented in the procurement-management system and is a hard structural constraint, not a hand-waved compliance posture.

• Henderson Municipal Power and Light (HMP&L, 100 Fifth Street, Henderson)

  City of Henderson municipal electric utility — KRS 96.520 procurement counterparty

  Institution

  Station Two coal-retirement post-Big-Rivers wholesale-supply posture procedurally per hendersonky.gov and bigrivers.com captures. NERC Critical Infrastructure Protection cybersecurity posture if applicable to the operator's bulk-electric-system position not yet confirmed as of May 2026. Procurement-officer-of-record, small-purchase threshold, formal-solicitation threshold, annual unit-price-contract structure, and current incumbent-vendor mix on the procurement-services consulting plus facilities-services scopes items we have not confirmed as of May 2026.
• Henderson Municipal Gas (HMG, 100 Fifth Street, Henderson)

  City of Henderson municipal natural-gas utility — KRS 65 + PHMSA 49 CFR Part 192 procurement counterparty

  Institution

  Distribution-integrity-management framework binds the operator to ongoing risk assessment, threat identification, accelerated-action posture on legacy main types where applicable, and routine leak survey at federally specified intervals. Procurement-officer-of-record, small-purchase threshold, main-mileage and customer count, gas-main vintage profile including any cast-iron or bare-steel remnants in older Henderson neighborhoods, and current OQ-credentialed contractor pool items we have not confirmed as of May 2026.
• Henderson Water Utility (HWU, 100 Fifth Street, Henderson)

  City of Henderson municipal water-and-sewer utility — KRS 65 + EPA SDWA + CWA + LCRR procurement counterparty

  Institution

  Lead and Copper Rule Revisions service-line inventory posture, lead-service-line replacement schedule, wastewater-treatment-plant capex pipeline under the EPA Clean Watersheds Needs Survey, and storm-water Phase-II NPDES MS4 compliance posture items we have not confirmed as of May 2026. Procurement-officer-of-record plus annual unit-price-contract structure plus current incumbent-vendor mix not yet confirmed as of May 2026.
• City of Henderson + Henderson County Fiscal Court + Henderson County Riverport Authority + Henderson City County Airport

  Adjacent municipal-and-county procurement counterparties — facilities-services plus procurement-services consulting surface

  Institution

  City Hall at 222 First Street; Fiscal Court at 20 North Main Street; Riverport at 1755 Steamboat Drive; Airport at 1860 Powell Street ($15.57M / 7 FAA awards). Procurement-vehicle structure plus small-purchase plus formal-solicitation thresholds plus current incumbents items we have not confirmed as of May 2026.
• Kenergy Corp. (6402 Old Corydon Road, Henderson) + Henderson Community College (2660 South Green Street) + Housing Authority of Henderson

  Adjacent facilities-services plus consulting-engagement surface

  Institution

  Kenergy Big Rivers Electric member distribution cooperative serves rural-balance plus 11 other Western-Kentucky counties per kenergycorp.com. HCC KCTCS member two-year college. Housing Authority of Henderson $23.68M / 81 HUD awards. Facilities-services bid-vehicle structure at each not yet confirmed as of May 2026.
• Audubon Metals + Hydro Aluminum + Pratt Industries + Sonoco Products + Shamrock Technologies + Nylene + chamber-Gold private portfolio

  Private chamber-Gold-member facilities-services surface

  Institution

  Aluminum-cluster plus packaging-and-specialty-chemicals operating sites. Audubon Metals (Koch Enterprises Evansville Indiana parent per audubonmetals.com); Hydro Aluminum (Norsk Hydro ASA Oslo Norway parent; $85M HyForge expansion). Each operating-site facilities-scope incumbent and procurement-vehicle structure items we have not confirmed as of May 2026. Procedural references only.
• Kentucky Public Service Commission + PHMSA + EPA + DOL Wage and Hour Division

  Federal and state regulatory channels — PSC docket administration + 49 CFR Part 192 distribution-operator-safety + SDWA/CWA/LCRR + Davis-Bacon prevailing-wage administration where federal-pass-through dollars flow

  Out-of-county

  Procedural references to published regulatory standards only. PSC docket procedure applies where any of the three utilities files for a rate case, a certificate of public convenience and necessity, an integrated resource plan, or other docket-bound matter. The consulting principal must be conversant with docket-procedural framework and the standard filing-and-discovery cadence.
• Kentucky Department of Agriculture + Kentucky Board of Housing, Buildings and Construction (KBHC) + Kentucky 811

  State-level trade-licensure plus locate-and-mark coordination channels

  Out-of-county

  Structural-pest-control operator license under Kentucky Department of Agriculture; HVAC technician licensure under KBHC; Kentucky 811 locate-and-mark coordination for any excavation under PHMSA 49 CFR Part 192. Procedural references; founder trade-licensure stack sequenceable in the founder onboarding plan.
• Kyndle (kyndle.us) + Henderson Chamber of Commerce + Green River Area Development District

  Regional EDC, chamber, and procurement-introduction channels

  Institution

  Kyndle covers Henderson plus Webster plus Union plus McLean. GRADD administers Section 3 plus WIOA workforce-funding programs. Procedural relationship channels into the chamber-Gold private portfolio.
• Brad Schneider Judge-Executive + Brad Staton Mayor

  Henderson County and City of Henderson elected office-of references

  Institution

  Procedural framing only; 2026 incumbencies not yet confirmed as of May 2026. No characterization beyond official-title reference.

The founder profile is a two-principal team with complementary backgrounds. Principal A carries municipal-procurement, PSC-docket, or local-government RFP-response background — former municipal procurement officer, former utility regulatory-affairs staffer, long-tenure local-government CPA or consultant — who signs engagement letters and responds credibly to formal solicitations under municipal procurement policies that conform to standard public-procurement statutes. Principal B carries PHMSA Operator Qualification covered-task certification plus KBHC HVAC technician plus Kentucky structural-pest-control plus crew-supervisor credentials sufficient to put a main-replacement directional-drilling crew into the field. The two principals may be co-founders, a senior-plus-junior partnership, or a founder-plus-named-key-employee arrangement; either structure works provided each principal is licensed and credentialed in their own discipline.

Relationship-portfolio target at launch. HMP&L General Manager plus procurement-officer-of-record plus engineering-services contact; HMG General Manager plus procurement-officer-of-record plus operations-and-distribution-integrity-management contact; HWU General Manager plus procurement-officer-of-record plus LCRR-service-line-inventory contact; City of Henderson Mayor plus City Manager plus finance director; Henderson County Judge-Executive plus county-administrator; Riverport General Manager; Airport Manager; Kenergy procurement-and-construction-services contact; HCC campus business officer plus facilities manager; Housing Authority of Henderson Executive Director; chamber-Gold private-portfolio facility-services counterparts at Audubon Metals plus Hydro Aluminum plus Pratt Industries plus Sonoco plus Shamrock Technologies plus Nylene; PSC staff-procedural contact for docket-procedural familiarity; PHMSA region office for OQ-program audit posture; Kyndle plus Henderson Chamber plus GRADD WIOA workforce coordinators; surety-broker for municipal-bonding plus pollution-liability-rider; insurance-broker-of-record with Kentucky public-works underwriting experience. Twenty to twenty-eight named contacts minimum by end of Year 1.

Entity and credentialing posture phased over 24-36 months. Year 1 stand-up: Kentucky-domiciled LLC or corporation plus Kentucky 811 locate-and-mark account plus initial PHMSA OQ covered-task training plus KBHC HVAC technician plus Kentucky structural-pest-control licensure plus Kentucky-resident bidder registration where applicable. Initial capital purchases — directional drill, small excavator, service truck, janitorial-and-HVAC tooling, document-management software, professional-liability and general-liability insurance, pollution-liability insurance for the gas-mains scope. Year 1 months 6-12 the procurement-services line wins two-to-four engagements; the facilities line wins two-to-three contracts; the gas-mains line wins its first HMG unit-price contract or project-by-project bid lot. Year 2 the gas-mains crew stabilizes; facilities stabilizes at five-to-eight contracts; consulting stabilizes at four-to-seven engagements. By month 24 the operating company runs $350K-$650K annually. By month 36 $500K-$850K and the question becomes whether to add a second gas-mains crew, a second facilities service vehicle, or a junior procurement-services associate.

The practice operates as a Henderson-resident multi-line municipal-utility-and-municipal-government operator built on two-principal structure plus disclosure-and-recusal discipline plus phased credential build. There is no platform-rollup arithmetic and no minimum-multiple add-on math. The PSC docket-administration scope where applicable, the EPA single-audit-readiness scope where federal-pass-through dollars flow, and the procurement-services consulting scope where the same firm's field-trades crew may bid into the resulting solicitation are the three structural constraints the operating model is built around. National facility-services firms and out-of-region procurement-services consultancies compete at scopes where engagement size absorbs their cost structure; Henderson-resident sub-tier procurement-services plus gas-mains plus facilities work at three co-resident municipal utilities sits at a relationship-recruiting plus local-trades-licensure plus disclosure-and-recusal-management layer where the Henderson-resident two-principal operating company is the structural advantage out-of-region competitors do not naturally hold.

• — Current physical co-location status of HMP&L plus HMG plus HWU at 100 Fifth Street — one-building-under-one-roof or shared-mailing-address across separate office space inside an administrative complex — procedural framing carry — as of May 2026, we have not confirmed this.
• — Current procurement-vehicle structure at each of the three utilities — annual unit-price contract, multi-year master agreement, project-by-project bid, qualifications-based selection rotation, or other — with the threshold dollar values gating informal versus formal procurement at each — as of May 2026, we have not confirmed this.
• — Current procurement officers and small-purchase versus formal-solicitation thresholds in effect at HMP&L, HMG, and HWU as of the most recent procurement-policy update — as of May 2026, we have not confirmed this.
• — Current incumbent vendors across the three procurement-services scopes, the gas-distribution-mains construction scope, and the facilities-aggregator scope at the 100 Fifth Street building — as of May 2026, we have not confirmed this.
• — HMG main-mileage, customer count, gas-main vintage profile, and distribution-integrity-management accelerated-action posture, particularly any cast-iron or bare-steel main remnants in older Henderson neighborhoods — as of May 2026, we have not confirmed this.
• — HWU Lead and Copper Rule Revisions service-line inventory posture, lead-service-line replacement schedule, wastewater-treatment-plant capex pipeline under the EPA Clean Watersheds Needs Survey, and storm-water Phase-II NPDES MS4 compliance posture — as of May 2026, we have not confirmed this.
• — HMP&L generation portfolio and wholesale-supply structure post-Big-Rivers-headquarters-relocation, Station Two redevelopment posture, and NERC Critical Infrastructure Protection cybersecurity posture if applicable to the operator's bulk-electric-system position — as of May 2026, we have not confirmed this.
• — Licensure pathway and timeline for KBHC HVAC technician, Kentucky structural-pest-control, and PHMSA Operator Qualification covered-task certification if either principal is licensed elsewhere or is acquiring the field-trades licensure for the first time — as of May 2026, we have not confirmed this.
• — Board overlap, vendor-relationship overlap, and disclosure obligations that any new entrant would inherit on entering the three-utility plus municipal-government procurement processes simultaneously — as of May 2026, we have not confirmed this.
• — Chamber-Gold-member private-portfolio facilities-scope incumbent at each of Audubon Metals plus Hydro Aluminum plus Pratt Industries plus Sonoco Products plus Shamrock Technologies plus Nylene plus the rest of the named private clients, and the procurement-vehicle structure each uses for outside facilities-services contracts — as of May 2026, we have not confirmed this.
• — PSC docket pipeline at HMP&L plus HMG plus HWU over the prior three years and current pending — rate case, certificate-of-public-convenience-and-necessity, integrated-resource-plan, or other docket-bound matter — as of May 2026, we have not confirmed this.
• — Kentucky 811 locate-and-mark contractor-of-record relationship and any local-trade-license reciprocity requirements for cross-Ohio-River Vanderburgh-Indiana operators attempting Henderson-side gas-mains work — as of May 2026, we have not confirmed this.
• — Surety-broker availability at Henderson-resident operator scale for municipal-bonding plus pollution-liability-rider plus PHMSA-related underwriting — as of May 2026, we have not confirmed this.
• — Disclosure-and-recusal documentation infrastructure plus municipal conflict-of-interest policy framework binding any operator who serves multiple municipal-utility clients with overlapping advisory and field-trade relationships — as of May 2026, we have not confirmed this.
• — I-69 Henderson-Evansville Ohio River Crossing bridge construction sequencing affecting labor-shed wage-rate pressure at the Henderson MSA-adjacent wage-base over the operator's first 24-36 months — as of May 2026, we have not confirmed this.

Tonight, this week, this month — in that order. Each step produces a yes/no or a number, not a deeper understanding.