Underground Pipeline Directional Drilling Company For Sale

Business description

Business provides directional drilling (underground boring) and services primarily for pipeline and utility construction, repair, and maintenance to meet the needs of the energy industry and public utilities. The Company’s services are regularly utilized where a pipeline cannot be laid or accessed using an “open ditch” method. Pipelines are laid using an underground boring technique when crossing highways, roads, rivers, creeks, ponds, lakes, environmentally sensitive areas or in cases where the landowner does not want a traditional pipeline crossing his property. Projections are bullish for 2008 as well with a projected increase in revenues to $5.2 million with an EBITDA of approximately $2.1 million. Asking price at a multiple of less than 4X EBITDA. This is neither an offer to sell nor a solicitation to sell securities.

Property information

Real Estate:

Lease

Other information

Expansion potential:

One of the largest, well-respected underground boring construction companies in its market. Legislative changes affecting pipeline construction and maintenance coupled with increasing consumer demand for natural gas creates long-term prospects for strong, continued growth. Consistent and loyal customer base generating a high level of repeat business. Ideally located in a strong economic region of the U.S. that enjoys a healthy market with an excellent long-term growth outlook.

Support & training:

The owner/ operations manager would consider remaining with the Business after the sale and transition, even with an equity interest. This would satisfy his need for continued personal income and provide continuity in the operations and relationships with the customer base.

Reasons for selling:

The owners realize that for the Company to grow to the next level, it needs professional financial managers and investors.

Trading hours:

8 to 5 CST