Business For Sale Listing 111769
Established Oil & Gas Service Company
Status as of Jan-5-2009 at 06:07 PM: Active
Business Summary
Originally founded in 1967, this organization has grown into Southeast Texas leading oil & gas field service providers. This company specializes in providing comprehensive on-site blow-out preventor (BOP) testing, stacker lifts, and torque wrench services in addition to welding and fabrication. Currently the organization provides services throughout the surronding150 mile radius from its base of operation. The company operates 24 hours a day, seven days a week, 365 days year, backing up their “We’re ready when you’re ready” motto. By offering its clients a comprehensive and cost effective operating model, this organization is easily able to maintain a strong and sustainable advantage over its competitors. Master Service agreements with numerous clients provide a pipeline of on-going and repeat business.
Overview of Services:
-Blow-out Preventor (BOP) Testing
-Torque Wrench Services
-Blow-out Preventor (BOP) Stack Lifts (Winch Systems)
-Casing Cutting (Saws & Lathes)
-Casing Drifting & Cleaning
-Rentals: Wear Bushing, Retrieval Tools, Test Plugs, Crossovers, & Chart Records.
-Welding & Well Head Installation
The huge demand for these services in conjunction with this organizations excellent reputation has not only allowed them to be selective with their clients, but to also strategically position themselves for continued growth and profitability well into the future.
Historical sales include:
2005 $6.2M Sales with $2.5M EBITDA
2006 $8.2M Sales with $4M EBITDA
2007 $8.6M Sales with $4.5 EBITDA
Current Operating Margin: 48%
Categories
Industry
Location
Financials
| Sales: |
Between $5 Million And $10 Million (8,600,000) |
| Profits: |
Between $2.5 Million and $5 Million (4,500,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
2007 |
| Asking Price: |
Over $20 Million (24,000,000.00) |
