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Provider of General Oilfield Construction Services & Supplier of Industrial Equipment

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Specifications
EBITDA-
Revenue$12,000,000
Client CodeREN306
EBITDA Range under-250K
Revenue Range 10M-25M
Sector Professional-Services-and-Consultancy
Region Southwest-US
Deal Structure Full-Sale
HeadquartersCentral Southern Texas
Description

Two Texas-based corporations that provide general oilfield construction and maintenance services and industrial supplies to the oilfield market. The Companies operate from six locations throughout south Texas. General maintenance and oilfield construction services include excavation and installation for production entities and pipeline transportation entities. The supply and service company offers equipment and supplies such as pipes, valves, hoses, controllers, regulators, safety equipment, other industrial tools and accessories. It also provides controllers, regulators and safety equipment repairs and and installation both in house and in the field.

Key aspects
· Operating for over 50 years
· Great reputation for high quality products and services at an affordable price
· Experienced personnel that provide reliable service
· Loyal and steady repeat customer base
· Provides on-call general maintenance and pipeline services
· Large selection of product inventory on-hand
· Six locations in Texas strategically located near customers

Opportunities
· Further increase services throughout Texas such as the Permian Basin
· Increase sales division and marketing capabilities such as SEO website and social media
· Open supply stores in Permian Basin and other states
· Further expand construction capabilities to accommodate larger-sized midstream and upstream installation jobs
· Increase focus on industrial customers outside the oil and gas industry

Headquartered
Central, southern Texas

Current markets
Midstream and upstream oilfield businesses in the Texas market with the majority of customers in south Texas.

Real estate
The Companies lease six facilities from a related party, including one shared headquarters. The five other locations are supply stores and equipment yards located throughout south Texas. The facilities can be leased at a negotiable rate or included in the deal if desired.

Shareholder/owner objectives
The shareholder seeks a full sale to pursue retirement. The owner is willing to remain with the Companies for an agreed amount of time to ensure a seamless ownership transition.

 

Financials
Q1-Q3 2018
Internals
$’000
2017
Internals
$’000
2016
Tax Rtns
$’000
2015
Tax Rtns
$’000
2014
Tax Rtns
$’000
Company 1 (Pipeline Construction)
Revenue 2,568 3,069 2,740 3,809 4,674
 Company 2 (Industrial Supply)
 Revenue 9,432 9,971 9,301 19,892 22,074

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