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Industrial Cleaning and Maintenance Provider

Our firm currently represents a premier provider of industrial maintenance services to the oil, municipal and governmental in the Southwest United States. Although a material portion (80%) of the company’s revenue derives from services rendered to the oil field industry, the expert sandblasting, painting, and coating services offered can apply to almost any industrial environment. 2008 revenue of $6.3 million represent a 19.6% percent increase over 2007 levels, with EBITDA growing to more than $882,000. Specializes in the service of crude oil tanks; also maintains water tanks, power and gas plant tanks, and fuel tanks. Very consistent revenue stream generated through Regulation API 653, under which tanks must be inspected and serviced every five years. Owner/president is a certified inspector with the National Association of Corrosion Engineers; additional employees are in the process of obtaining certification. Impressive blue chip client list includes some of the biggest names in the oil industry. Services 20 to 30 large tanks and 350+ small tanks annually; turnaround size depends on the size of the tank. 50 non-union employees, boasting an average experience of more than five years, are dispatched to the client’s facility as projects dictate. Backlog as of August 2009 approximated $325,000. In good standing with both OSHA and the EPA. Strategically located HQ supported by two satellite yards in industry-rich markets; exciting opportunities for further market expansion.