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Directional Drilling Company

Location  Louisiana,United States
Asking Price Range  $10.0M - $20.0M
Gross Revenues  $12000000
Net Profit / Cash Flow  $3200000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1964
Number of Employees  20 - 34
Inventory  1500000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Available.
Reason for Sale  Other business interest.
Description  Independent directional drilling oilfield contractor provides both offshore and onshore services. Company has been in business since 1965 developing a very large base of loyal repeat customers, many of whom are the biggest and best in the oil patch. Since inception company has drilled twenty three million feet (4,300) miles of directional hole. This gives them unparalleled knowledge of all types of drilling environments. The field and support personnel average 20+ years of experience. Company is capable of running 10 jobs at once. Company does domestic and international jobs. Company is currently based in Louisiana with 2 locations. A third location is in Houston, TX. Real estate is available for sale if desired. Company has had strong, consistent, multiyear growth in both gross revenue and EBITDA. Company already has contracts on the books for 2010 that is projected to produce over $3 million in EBITDA. If the new owners so desire, the selling principals are willing to stay on and run the company. This is an exceptionally well run company, well positioned in the industry. It will make an excellent acquisition for a strong player in the oil patch. Also available for sale is a different onshore contract drilling company. Both companies are currently available for sale. Please contact us for a complete offering memorandum on either or both companies.
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