Business Overview:
The March Group currently represents a distributor of various oilfield equipment and accessories. The company’s product line includes approximately 16,000 various items ranging from ball valves, bearings, belts, clamps, bolts, tubes, couplings and fittings to gaskets, hoses, gauges, pumps and other rig supplies. The company maintains a base of approximately 200 active customers and provides services within a 200 to 300 mile range from its headquarters.
The company is the only provider of oilfield services and related equipment within a 60-mile radius of its headquarters in Mississippi. The company has 20 employees and a fleet of three service and 10 delivery vehicles. A highly talented and experienced staff and an impressive array of products and services help ensure the continuity of the company’s operations. The company’s revenue totaled $10 million in 2009, with EBITDA more than $1.5 million. The company is poised to achieve more than $11 million in revenue and more than $1.6 million in EBITDA during 2010. Due to the company’s strong presence in the region, revenue is expected to grow at a 10 percent CAGR over the pro forma period.
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Property Features and Assets:
The facility comprises 11,700 square feet and is utilized for office, showroom, warehouse and shop purposes. The facility is owned by the shareholders and is available for sale or lease upon the sale of the company.
Reason for Selling:
The company has gained a respected reputation for
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.