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The offering consists of two businesses; each operating independently. Business #1 is a provider of torque and test, and ancillary services for oil and gas upstream operators. Business #2 offers flow back rental equipment and services for the oil and gas industry.
· Strong oilfield services industry reputation
· More than 125 years of combined management experience offering torque and test and ancillary services to upstream operators
· Cross-trained employee-base which allows for additional industry knowledge
· Strong customer relationships with qualified industry leaders
· Strategically located near basins experiencing large growth in oil and gas production
· Opportunity to increase marketing and business development efforts
· Ability to expand to surrounding states and other geographical markets
· A capital investment would allow both companies to purchase a wider variety of equipment to increase service and rental offerings
· Trade buyer acquisition would allow an enlarged market presence through the offering of a larger industry network
· Southeast, Texas
· Both companies service the upstream oil and gas completion, pipeline, production and maintenance operations in Texas.
· The company operates from a 1,500 sq. ft. facility leased from an affiliated entity. The owners of the property are open to lease it to new ownership.
· Both companies have various ownership structures. Two of the owners of Business #1 are also owners in Business #2. One of the owners is looking for a full exit. Both owners for Business #2 are looking for a complete exit.
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