Privately Owned Oil & Gas Manufacturer

10 months ago Texas City, United States Ad Views:524 Ad ID: 3481

Additional Details

  • Ad ID3481
  • Posted On10 months ago
  • Ad Views524
  • Price$1,995,000

Description

This profitable, privately-owned company specializes in the engineering and manufacturing of customized well testing and production equipment that is used in midstream and upstream oil and gas transfer, processing, and exploration & production activities. The product line includes pressure vessels, modular fabricated facility equipment, separators, sand traps, manifolds, flares, gas scrubbers, and other equipment. 

The company manufactures ASME coded vessels, maintains U and R Stamps, as well as the National Board “NB” Stamp. The owner of the business also has deep roots and great connections in the Oil and Gas Industry. This company began in February of 2018 and have since consistently increased on production and delivery. They ended 2019 with over $2.5M in sales and are positioned to improve upon that in 2020. This company is an excellent acquisition opportunity because of its strong adherence to promised delivery dates, vertically integrated production facilities and capabilities as well as future potential, solid experience, and a well-trained staff. The highly qualified management team is expected to remain with the company following the transaction.

This is a GREAT opportunity to buy a company that has projections for future net revenues of over $5 million in just a couple years. The majority owner operator is willing to stay on with the new owner to guide and grow the company.

3481

{{!--start of newly added script--}} {{!--Newly added Script from header--}}