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Natural Gas Oilfield Services Company

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Specifications
EBITDA$1,086,000
Revenue$12,006,000
Client CodeVEN1179
EBITDA Range 1M-1.5M
Revenue Range 10M-25M
Sector Oil,-Gas-and-Mining
Region Southwest-US
Deal Structure Full-Sale
HeadquartersSouthwest US
Description

The company provides essential engineered equipment and maintenance products to the midstream natural gas industry primarily in the Central South Sections of the US and all natural gas Shale plays in the U.S. The company has been designing and making custom, specialized equipment for gas processing plants and various pipelines throughout the country for over 50 years.

Key aspects
· Represents and markets specialty products from over 100 manufacturers, factory-direct, for the natural gas industry
· Provides supplies and equipment to the major natural gas and liquid pipelines in the US, including over 10,000 spark-ignited natural gas engines
· Maintains solid, ongoing repeat business with products and services
· Services and provides products and equipment to over 600 gas processing plants in the US
· Close, existing business relationships with customers for the past 50 years
· One of the few remaining companies with experience currently specializing in the midstream industry
· High level participation in the major natural gas industry trade associations

Opportunities
· Markets products to customers in all U.S. shale plays with an established and substantial presence in The Permian and Mid- Continent Basins, the busiest natural gas shale plays
· Continues to grow, providing products to customers with each new additional gas plant, pipeline and facility commissioned in the major gas shale plays
· Additional opportunities underway for further exclusive product introductions and new technologies being developed for the industry

Potential purchasers
Attractive company for those seeking introduction and participation in the midstream market, one of the most stable markets in the energy industry

Current markets
Natural gas industry, including gas processing, natural gas compression, power generation and natural gas and liquid pipelines in the U.S.

Real estate
The company has 12 leased warehouses with inventory and personnel strategically located to serve customers in both the Permian and Mid- Continent Basins

Shareholder/owner objectives
The majority shareholder is considering retirement options and is seeking a qualified buyer that will continue growing the company to its fullest potential, while retaining the key employees that have made the company successful. The owner plans to stay on for a three- to five year period in order to share all retained intellectual property as well as to help maintain lifelong relationships with existing customers and manufacturers.

Year
12/31/2017
Tax Rtns
$’000
12/31/2016
Tax Rtns
$’000
12/31/2015
Tax Rtns
$’000
12/31/2014
Tax Rtns
$’000
Revenue 12,006 10,158 11,755 14,445
Gross Profit 3,558 3,224 3,596 4,548
Adj. EBITDA* 1,086 925 975 1,694

* Profit before interest, tax, depreciation and amortization (non-cash items)[/cs_table]