Growing Oilfield Services Firm For Sale

Business description

The Company is a contracting company engaged in the oil and gas field services industry. The Company s primary activities are the utilization of pressure units to provide downhole stimulation combined with chemicals for maximum oil and gas flow production and pipeline testing. The large customer base primarily consists of oil and gas companies and oilfield contractors bidding for projects in and around the Province of Alberta. In 2006, sales were driven by the sale of methanol (44%), tandem pressure units (12.5%), one-ton pressure units (11.5%), miscellaneous services (7%), and other chemicals (25%). Growing sales and increasing profitability (EBITDA increased from 4.3% to 14.9%of sales over the last three years). Nearly 15 years of providing extraordinary service and comprehensive turnkey capabilities. Excellent long-term relationships with customer base. 90% rate of repeat business annually. Strong geographic markets provide continued growth opportunities. Experienced management and staff available to remain with new ownership.

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