This Oilfield Services business has been on a steep growth path since inception in 2006. Today their staff includes 70 professional employees who serve 200+ customers both inside and outside the O&G industry. This strong turnkey business offers continued growth potential for a strategic buyer in the O&G industry or PE group seeking a solid investment return.
In addition to leased space, the business owns a 4+ Acre lot includes a 1,000 s.f. office building, a 1,000 s.f. storage building, and a 5,000 s.f. mechanic shop. The real property may be leased or purchased and was recently appraised at $1.2M.
2018 Revenue: $14.5M
2018 EBITDA: $4M
Asking Price: $17.5M
Included in the Asking Price: Equipment assets valued at $6M.
Competition: The company has a few regional competitors. Over the past few years this business has continued investment by expanding its crews and purchasing new equipment. Today they can service almost any job in the O&G production industry. Their experienced crews and diverse, well maintained service fleet allow the business to serve as an attractive one stop shop for most clients.
Growth and Expansion: The company is rapidly expanding today and is still turning away business. With continued investment and hiring the company is expected to continue its current growth trajectory for many years.
About the Sale
The owner is willing to support the buyer through the business transition for as long as reasonably necessary.
All information contained herein provided by business owner, to be verified by buyer, and not warranted by Crestone Business Group. For more information on this or profitable business opportunities, please contact: