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Oil Field Services Company
Location Utah,United States
Asking Price Range $20.0M - $35.0M
Gross Revenues $11900000
Net Profit / Cash Flow $3970000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 10 - 19
Inventory 1769000
Relocatable Yes
Number of Employees 10 - 19
Real Estate Leased
Training 40 hours
Reason for Sale Planned Sale
Description OIL FIELD AND MINING EQUIPMENT COMPANY
Asking Price: $20.8 million
EBITDA: $3.97 million (2012)
Assets: $1.769 million (at cost including the rental equipment)
Debt: $0
Sales: $11.9 million (2012), $7.4 million (2011), $3.3 million (2010)
Sales are up 60% for 2012 and expected to be up another 60% for 2013
Established in 2006, The Company is an oil field and mining equipment company. They sell and lease down hole drilling tools and equipment including drill bits, reamers, motors, stabilizers, jars and float equipment and supplies. They have market diversity while providing tools to both mining and oil and gas companies in multiple states and countries. The Company sells and leases this equipment to customers throughout the Western United States, Mexico, and North Dakota. They have offices in North Dakota and Utah. The Company has 13 employees. Owners will remain post-sale and work if desired. The Company has Master Service Arrangements (MSA's) with the major drilling companies in Utah and North Dakota. These MSA's are very difficult to obtain and are seen as a valuable asset since you can't do business in mining, and oil and gas without them.
The Company's top selling products are: reamers, float equipment, motors, and drill bits. Gross profit averaged 56% for 2012. The Company is on approximately « of the total rigs in North Dakota. Demand is expected to accelerate as 60 more rigs are planned in North Dakota in March 2013. If a customer doesn't want to purchase this equipment, they can lease it as well. Rental revenue was 27% of sales for 2012.
Call Heather - Business Sales Group - 801-201-6866
Click Here To Contact Seller
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