Oilfield Equipment Distributor with 3 Locations

Not Disclosed, KS

Central Kansas with locations in Texas & Oklahoma

Asking Price: Annual Revenue:
Not Disclosed $7,500,000

Wholesale/Distribution: Durable Goods

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RE: Oilfield Equipment Distributor with 3 Locations Broker: Matt Salamat

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $7,500,000
Net Profit: $1,000,000
Cash Flow: $1,350,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 804441672
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Project Supply is a manufacturer’s representative / master distributor and redistribution warehouse for the oil and gas industry serving Kansas, Oklahoma, the Texas Panhandle and Southern Nebraska. The company acts as the “middleman” between the manufacturer and retail supply chain. Major suppliers include Norriseal-Wellmark, Wellhead Systems, Weatherford, Chem Oil Products, and Zspec Flow Control. The Company's main office and warehouse is located in Kansas with additional locations in the Texas Panhandle and Oklahoma City.

Business Highlights:
Company Growth: Management sees growth opportunities in Oklahoma with a larger office in OKC and hiring additional people and inventory. Another area of interest would be to increase sales from Zspec and Norriseal products. There are other service areas that could be added on such as expansion into commercial/industrial end-markets, expansion of existing products with vendors, and possibly adding other value-added services like a fab/repair and pump shop.
Market Channels: The company works with predominantly supply stores and service companies.
Competitive Advantage: The company is a market leader and is well placed to capitalize on several Oil & Gas “plays” due to its geographical placement. Few competitors are in the region they currently serve. The company being a market leader, has an excellent reputation and provides impeccable service to customers and excellent relationship with all vendors.
Management: Current ownership would stay on to help as needed for a transition period. There are essentially “General Managers” over each branch office which would be intact going forward for new ownership.
Industry Growth: Demand for the Oil & Gas industry has been very high of late, with commodity prices returning to levels not seen since 2014. The global oilfield services market size was $267.82 billion in 2019 and is projected to reach $346.45 billion by 2027, exhibiting a CAGR of 6.6%
Financials: No customer over 20% of Revenue for 2021. Strong asset base and excellent candidate for financing. The company was resilient after 2020 “COVID year” and grew 70%+ in 2021. Management expects that growth to continue into 2022, somewhere between 30-50%. Based on April results, see below annualized 2022 figures, and a TTM (trailing twelve months) through April.

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Property Features and Assets:

Kansas HQ building is owned, the other two locations are leased in TX and OK.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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