MergerPlace

Growing Oilfield Construction & Services

Texas


  • Asking Price: $57,000,000
  • Gross Income: $5,550,116
  • Cash Flow: $1,414,345
  • Real Estate: Not Disclosed
  • Inventory: $100,748
  • FF&E: $980,391
  • Listing ID: #216328
  • Established: 2017
  • Employees: 10 FT/ 0 PT

Business Description

Highly profitable oil and gas construction company. Specializing in fencing, metal buildings and water transportation. The company started in West Texas in 2017 and has grown exponentially since it's beginnings.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Texas

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 10 FT/ 0 PT

Financial Information

Asking Price: $57,000,000
Gross Revenue: $5,550,116
Cash Flow: $1,414,345
FF&E: $980,391
Inventory: $100,748
Seller Financing Available: No

Property Information

Facilities:

They currently hold a lease through 2020 for a large man camp with 7 RVs.

Growth & expansion opportunities:

Looking into the oil and gas industry's outlook for the next two years it is projected that the United States will continue to push oil production. Since 2018 the industry has moved more into the exportation of oil in contrast to being a main import. Production levels reached a record high at the end of 2018 and the trend has steadily continued. This company has the distinct advantage of being centered in the Permian Basin, in the middle of all this recent oil boom.

Competition:

The competition is stiff in West Texas, but this company is able to outbid their competitors by having some of the industries fasted turn-around times. They have been able to accomplish that by having a very diverse and skilled group of employees; cutting down the overall labor costs by being more efficient. Also, it has built a strong reputation throughout the area of quality that is unmatched by any competitor.

Reason for selling:

The owner wants a career outside of West Texas.

Support & Training:

Will train for 8 weeks @ no cost. Currently their scope of work is divided 70% fencing, 15% water transportation, 10% metal buildings and 5% concrete.

Contact Business Seller

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Business Listed By:

Zack Elfallah

Murphy Business Brokers