Oil Field Maintenance and Service Company For Sale

Business description

Our Client is a seasoned and profitable contracting company engaged in the construction and maintenance of drilling locations for the oil and gas industry in Texas. The Company was founded in 1945 and became a C-corporation in 1977. The Company’s revenue is derived from building and maintaining drilling locations, including road construction, well site preparation, and laying pipeline.
The Company operates out of a 4,300 square foot facility, which serves as the hub for 37 full-time employees who work primarily in the field. A customer base of 25 active accounts comprises oil and gas exploration companies with operations within 150 miles of the Company’s headquarters.

Some of the hightlights include:
• Highly profitable well-established business in the growing domestic oil producing industry.
• Regional geographic reach with national and international potential.
• Recurring revenue stream from existing long-term maintenance agreements.
• High barriers to entry due to large initial capital expenditures in equipment and the desire of client companies to work with experienced contractors.
• Solid group of experienced oil producing clients with aggressive long term expansion goals.
• Long-standing reputation for reliable expertise and customer support built over 50 years of industry service.
• Excellent employee stability and a management group that is willing to remain with the company following an acquisition.

Other information

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