Company is a growing geotechnical drilling contractor. The company is focused on providing construction related specialty geotechnical drilling and deep foundation solutions. They respond to many geotechnical challenges beyond the scope of most of their competition including extreme environment and limited access projects. Their sizable fleet includes custom and specialty rigs that allows the company to provide the best possible solutions for their clients. The company operations facility is adjacent to a very large and well mapped zone of severely problematic soil and rock geology. It is strategically located to major highways facilitating easy access to a large market of operations. Strong, long term relationships with key engineering subconsultants and vendors result in a steady stream of new construction, repair, and emergency projects. The excellent work ethic and safety record of the company leads to steady repeat and referral work.
Summary Investment Considerations:
Scalable – current fleet of rigs, tooling and vehicles will facilitate a substantial increase in sales volume. Includes 31 drill rigs.
Ample work to pursue which company currently forgoes in conscious effort to maintain current size.
Owner willing to assist with transition and training of new operators to facilitate profitable growth.
Excellent safety record. Excellent credit, insurance and bonding history.
Wide scope of capabilities in challenging environments including test borings, monitoring/instrumentation/injection wells, piles, caissons, anchors, tiebacks, auger piles, sinkhole remediation/grouting, shoring, underpinning, slope stabilization, retaining walls, horizontal boring and diamond coring.
Long term employees have strong work ethic, dedication to safety along with diverse experience and training.
Located in strong geotechnical market with easy travel distance to major east coast metropolitan areas.
Excellent relationship with engineering firms and general contractors.
Owners will provide training and support.