NOT DISCLOSED, Texas
| Asking Price |
$15,500,000 |
Year Established |
|
|
| Annual Revenue |
$14,110,351 |
Reason for Selling |
Retirement of One Owner |
|
| Annual P/L |
$0 |
Attention |
Bo Hudson |
|
| Annual Cash Flow |
$3,142,000 |
Listing Number |
1020035 |
|
| # of Employees |
|
Business Category |
Services: Construction, Contractors |
|
Business Overview:
This oil field services firm is a Permian Basin-based provider of hydrovac excavation, equipment rental, roustabout labor, and casing cleaning services to the oil & gas and construction industries, headquartered in Odessa, Texas. The business is led by multiple owners serving as Financial/HSE, Marketing, and Operations Advisors, They have built long-standing Master Service Agreements (MSAs) and Master Construction Agreements (MCAs) with major operators including Occidental Petroleum, Chevron, ConocoPhillips and BPX Production, among others. Originally founded in 2001, the business has operated under its current ownership group since 2016, growing revenue from $1.4 million that year to a peak of $19.6 million in 2023, before normalizing to $12.4 million in 2024 and $10.3 million in 2025 alongside broader oil & gas activity levels. Their 3-year average EBITDA is in excess of $3M. The business has grown its hydrovac fleet from a single truck to eighteen trucks and employs 42 full-time staff plus approximately 3 contractors.The firm owns a 15,650 SF facility that boasts a spacious office & well-equipped shop on a 5-acre of property; available for sale or lease-back with the transaction.This business is well positioned to grow past $20 million in revenue on its existing infrastructure and processes. The growing requirements for hydrovac services outside of the oil field services sector makes this an exciting growth opportunity.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity