Growing Specialty Hauling Transportation Firm For Sale

Business description

The Company is a trucking company that provides oilfield fluid transferring and general equipment hauling services. The Company is primarily a short haul transportation company, although the Company is also involved in some long haul transportation services. During 2006, the Company s revenue was derived from fluid transferring services (50%), hauling equipment used in oilfield activities (30%), thawing out valves and cleaning oil spills (10%), and renting out equipment used in oilfield activities (10%). The customer base consists of oil and gas companies (80% of sales), companies requiring heavy hauling services (10%), farms and cottages (5%), and other customers (5%). Rapid sales growth (25.7% compounded annually from 2004 2006). Strong Profit margins (EBITDA has averaged 23.7% as a percentage of sales from 2004 2006 ). The majority of employees are involved in revenue generating activities such as hauling cargo. The Company s operation requires minimal office staff. Strong ties to clients and a reputation for quality work and customer service have led to a strong retention rate of clients (97%). The top 5 clients have been working with the Company from 5 to 10 years. The Company has 2 years remaining on a 4-year contract with its largest client that has been renewed several times. Strong geographic markets provide continued growth opportunities.

Contact the seller