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Businesses For Sale   >>   Texas Businesses For Sale Categories   >>   

Press Vessel / Mod Fabrication Company In Oil & Gas Industry

Location  Texas,United States
Asking Price Range  $20.0M - $35.0M
Gross Revenues  $24000000
Net Profit / Cash Flow  $26000000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  1964
Number of Employees  35 - 49
Relocatable  No
Number of Employees  35 - 49
Real Estate  Owned
Training  with proper offer, owner will stay on for 2-3 yrs as consultant in a negotiated capacity
Reason for Sale  moving on to do something else.
Description  Leading Gulf Coast Metal Fabrication Company for sale specializing in fabrication of large pressure vessels and process skid modules, and other misc. equipment in the Oil & Gas Industry. Current backlog thru July, 2013. Owner would prefer new ownership to be in mechanical services industry. Current estimated value of business and assets is ~$24MM. Owner wants 85% cash up front and balance over following 2-3 years. If potential purchaser is not capable of this financing as a minimum, then do not contact. Owner has already refused to offers from 4 investment groups and service companies that were not strong enough to offer this financing or did not want to pay true value of business. Business is debt free, current EBITDA between 4.0 and 4.5 and owner does not have to sell, but would to the right buyers as he has other interests to pursue. Shop just expanded another 15,000 sq. ft. and again full thru July 2013 and still turning away work. This shop has one of the best reputations on the entire Gulf Coast.
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