Directional Drilling Company and Boring Company For Sale

Business description

The Company provides trenchless construction services to customers with underground utility installation and repair needs, such as pipeline, water, electric and telephone utilities and optical cable companies, utilizing horizontal directional drilling (“HDD”) and boring applications. The most common ways of installing underground utilities and pipeline is the “open trench” method, However such installation methods usually encounter sections in which the open trench method cannot be used, such as when crossing railroads and highways or when tunneling under rivers, canals, lakes and environmentally sensitive locations as well in many high density and other locations in which the landowner does not want an open trench cut through his property. Projections are bullish for 2008 as well with a projected increase in revenues to $4.5 million with an EBITDA of approximately $1.8 million. Asking price at a multiple of less than 4X EBITDA. This is neither an offer to sell nor a solicitation to sell securities.

Property information

Real Estate:

Lease

Location:

Texas, oil & gas markets

Other information

Expansion potential:

One of the largest, well-respected underground boring construction companies in its market. Legislative changes affecting pipeline construction and maintenance coupled with increasing consumer demand for natural gas creates long-term prospects for strong, continued growth. Consistent and loyal customer base generating a high level of repeat business. Ideally located in a strong economic region of the U.S. that enjoys a healthy market with an excellent long-term growth outlook.

Support & training:

: The owner/ operations manager would consider remaining with the Business after the sale and transition, even with an equity interest. This would satisfy his need for continued personal income and provide continuity in the operations and relationships with the customer base.

Reasons for selling:

The owners realize that for the Company to grow to the next level, it needs professional financial managers and investors.

Trading hours:

8 to 5 CST

Financing available:

Depends upon other terms of offer