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Machining, Fabrication, and ASME Code Welding Company – BN000039068

Louisiana, Southern US
1M-5MUnder 500k Manufacturing & Industrial
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CLIENT CODE: BN000039068
REVENUE/TURNOVER: $1,980,000
HEADQUARTERS: Louisiana, USA
 
Interested? Contact Us
512-347-2000
stafford@benchmarkintl.com
Machining, Fabrication, and ASME Code Welding Company – BN000039068

Kendall Stafford

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The company is a fabrication and machining service provider that specializes in exotic material fabrication for gasification, petrochemical, power, refining, and upstream oil & gas businesses in the Southern United States. This includes engineering, machining, fabrication, and project management.

Key Aspects:

· 50+ years of industry experience
· Veteran and woman owned business enterprise, though no contracts rely on this designation
· 30,000 square feet of fabrication space
· Code welding shop, ASME U and NBIC R stamp certified
· Robotic welder provides opportunities to automate the welding and fabrication process

Opportunities:

· Expansion with key a gasification client into R&D for oil & gas
· Expansion into process piping
· Increase exports overseas to capture larger international market share
· New ventures with EPC contracts
· Room to expand in current facility

Headquartered:

· Louisiana, USA

Current Markets:

· The company serves gasification, petrochemical, power, refining, and upstream oil and gas industries in the Southern US.

Real Estate:

· The business operates from a single 30,000-square-foot facility consisting of 15,000 square feet of machine and office space and 15,000 square feet of workshop space. The facility is held by a related third-party and can be made available as part of the sale. There is room to grow in the current location, which is 70% occupied.

Shareholder Objectives:

· Ownership is approaching retirement age and seeks a more balanced lifestyle and eventual full exit from the business. Ownership is open to a variety of deal structures as well as a reasonable transition time to new ownership.

*Revenue is TTM through 10/31/2022*

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