Business Overview:
Established, profitable provider of services to oil and gas industry in Louisiana and East Texas. Broad range of post drilling services to a diverse and loyal customer base, with high rate of recurring business.
Over 25 years experience providing high quality oil and gas services. These include operational, construction and maintenance services. In 2010 top line sales of approximately $12 million with a pre tax profit of about $3 million, before owner add backs. The new oil shale plays taking place in and out of their trade areas make the future bright.
Primary focus on production and process operations for successful wells on the upstream side of the industry, which allows for steady, recurring revenue. Large diverse customer base- 85% have purchased from us during the past 12 months. No customer concentration problems. Single 100% owner operates enterprise as four business units, which provides additional financial safety thought business diversity including a recently acquired plant construction and maintenance company to serve the ever expanding Petro Chemical industry in Louisiana and Texas. Company has low debt and 100+ experienced employees with low turnover, enhanced by benefits such as Blue Cross Blue Shield insurance and 401(K).
Seeking partner who has experience in growing companies of our size. Growth areas include new Shale plays such as the Tuscaloosa Marine, and new $8 - $10 billion dollar Petro Chemical plant announced in September 2011. Structure is in place to grow net income 2.5X over the next 3 years, without leaving current market area. Greater growth possible by expanding to the Bakken and Eagle Ford Shale areas. Rolling stock is maintained in house and average 3 years or less. Current debt is under $500K. Envision total exit with new partner in 3-6 years.
NDA is required for further details.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Owned facilities (office, yard, etc.) in Louisiana region.
NDA is required for further details.
Market Competition and Expansion:
Owner and team will remain in company- reduces transitioning risk.
Can provide training and support to new partners as needed.
Founders need additional capital to reach optimal business levels, prefers complementary partner who adds financial or industry experience to the current team.
Poised for growth in region and in adjacent market areas in TX, MS and nationwide into Bakken (ND) and other areas. Loyal customer base from quality service and full array of offerings. Efficient operation
Reason for Selling:
Seeking partner & capital for growth
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.
Resources: