Oilfield Manufacturing Sales Service Company For Sale

Business description

Headquartered in West Texas, this 20+ year manufacturing, sales and service firm generated $1.25 million of EBITDA in 2007, reflecting a compounded 31% growth rate since 2005. This company’s products are geared strictly towards producing properties, thereby mitigating the risks that confront the historical cyclicality of the oil and gas industry and, specifically, avoiding the pitfalls of those companies that manufacture products solely for drilling operations.

While the sales and marketing efforts are presently being directed only to the domestic oil industry there exists multiple opportunities to penetrate the international arena. In fact, many domestic markets outside of Texas, New Mexico and Oklahoma are currently underserved.

The firm possesses the always critical API license, a layer of management that will facilitate a smooth transition and a core base of repeat customers. With multiple locations it is equipped to accommodate growth demands. Real estate is available.

Additionally, the highly trained and seasoned sales staff has been instrumental in the ongoing and highly profitable relationship as a sales representative for a large distributor of precision oilfield products.

While the co-owners are approaching retirement age and planning accordingly, the President is willing to remain.

Property information

Location:

The multiple locations provide a total of 44,000 square feet of space. Real estate is available.

Other information

Support & training:

President is willing to remain as required.

Reasons for selling:

Co-Owners are planning for retirement in the near future.

Furniture / Fixtures value:

$425,000 (included in the asking price)

Inventory / Stock value:

$1,000,000 (included in the asking price)