Business Overview:
The company is essentially a supplier of components and equipment used to build, re-mediate, and upgrade oil and natural gas infrastructure including wells and pipelines. Operating out of multiple Midwestern locations, this company supplies, fabricates, welds and repairs all of the equipment and parts required to build and maintain oil and natural gas wells including pipe, casing, tubing, rods, pumping units, fittings, valves, poly goods (tanks/pipe), customized/refurbished pumping systems and components, and other expendables and miscellaneous parts. This company is in a great position to capitalize on many new avenues of growth in the oil & gas space. A variety of factors will drive strong growth in gas and oil-related infrastructure in its region. The Company’s current customers are planning and implementing significant expansion projects. The expected increasing onshore, domestic activity will add even more growth for the company over the next several years. Established key management in place for ownership transition (owner(s) are positioned for exit). The Company has garnered a significant share of market in its region. The company has been a leader for 20 plus years.
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Market Competition and Expansion:
Because companies in the Oilfield Supply business are usually geographically concentrated, this company has only moderate competition in their region served, with more than 75% market share.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.