Business for Sale Overview:
The March Group currently represents a profitable oilfield services contractor which boasts a substantial share of the Company’s provincial Canadian market. With extensive expertise centering on under balanced drilling and production testing, the Company represents an excellent acquisition opportunity for the firm looking to diversify its oilfield services offerings or penetrate the Canadian market. For the fiscal year ended April 30, 2008, the Company is expecting to post revenues of Canadian $3.75 million and EBITDA of $909,000. The Company’s Japanese contract with a Fortune 500 client is expected to resume in Q2 2008, which supports revenue projections for fiscal 2009 of $5.5 million. The Company is most commonly called on to perform fracture and stimulation recovery (approximately 73% of revenue over the past two years), under-balanced/managed pressure drilling (17%), and production testing (10%). Its client base is composed primarily of Canadian oil and gas drilling, completion and production firms that engage the firm in return contracts more than 75% of the time. Drawing on the extensive experience of the principals for direction, the Company has taken great pains to design innovative equipment featuring unique safety-enhancing and resource-maximizing characteristics. Operations are capably handled by the Company’s field crew, which is overseen by the managing principal.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The Company is leases its office.
Market Competition and Expansion:
The Company is leases its office.
In support of sustained growth, the Company continues to pursue new opportunities, including recent incorporation in the US. The Company has been profitable since inception; an outside investor would now be prepared to truly realize the firm’s tremendous growth potential.
Additional Details:
- The property is leased.
- 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.
Contact the Seller:
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