Growing Provider Of Directional Drilling Services For Sale

Business description

The March Group currently represents a directional drilling company with turnkey capabilities which include computerized well planning and engineering services, drilling equipment, drilling field management, maintenance facilities, as well as administration and coordination. Strong record of profitability – historical EBITDA between FY 2006 and 2008 averaged $5.8 million per annum, representing an average margin of 28.1 percent. Possessing one of the most advanced directional drilling and well engineering software packages available, the Company is able to supply advanced directional drilling design, torque and drag modeling, anti collision/close proximity reporting, hydraulics optimization and drilling data management to its clients. State-of-the-art equipment provides directional control and a downhole drilling motor provides the primary rotational power to the drill bit. Drilling motors are designed to satisfy the highest standards of performance and reliability. Boasts a highly qualified staff, whose services include pre-job planning as well as on-site performance. Services are provided almost exclusively to the Canadian oil and gas industry, to include production and exploration companies, with capabilities to expand to the U.S. High rate of repeat as well as strong referral business. Recently acquired, a related business in the northwest United States will increase capacity and rapidly inflate sales.

Property information

Real Estate:

Lease

Premises details:

Operates from two Canadian-based, leased facilities with a combined total of 24,000 sq. ft. and an additional leased facility operating as a sales office in Calgary.

Size in square feet:

24,000

Other information

Competition / Market:

The Company is well positioned to leverage its well-earned reputation and industry-leading capabilities to continue the historical growth trend and pursue further growth. The Company’s strong client relationships and stellar reputation present exciting opportunities to increase market share. Increased marketing efforts, geographic expansion, and introduction of ancillary services present exciting areas to pursue immediate growth for more aggressive management through the injection of capital and human resources.

Support & training:

The owners are committed to remaining with the Company for a reasonable transition period following a sale.