Asking Price: $7,350,000
Cash Flow: $870,000
Gross Revenue: $3,370,000
Equipment Value: $3,000,000
Established: 1981
Business Description
Founded in 1981, this Oilfield services company primarily serves as an equipment rental company to a major natural gas and energy company pursuant to a Master Services Agreement (MSA). The company also transports and hauls everything necessary, except anything qualifying as “permitted heavy hauling.” The company does not transport water, as water is typically piped on site.
The primary services provided pursuant to the MSA are:
-Roustabouts
-Telehandlers
-Fuel Trailer/Hot Shots
-Fueling
-Plowing/Cindering (seasonal)
-Trucking/Winch Trucks
Detailed Information
Employees:13
Equipment: Included in asking price
Facilities: The business is relocatable, and the real estate is not included in the sale.
Competition: It is increasingly difficult to secure a Master Services Agreement in this industry and geography.
Growth & Expansion: The primary customer is a significant player in the energy industry.
Financing: none
Support & Training: The owners are available for a period of paid consulting for 6-12 months following the sale. The Operations Manager runs the day-to-day operations and would like to remain with the new owner.
Reason for Selling: Retirement