Gas Compression Services Seeks Growth Partner; 100%+ Growth, $1.9M SDE
| Asking Price: | $10,250,000 |
| Gross Revenue: | $6,591,000 |
| Established Year: | 2017 |
| Cash Flow: | $1,893,000 |
| EBITDA: | $1,893,000 |
5-15 Year Customers, Seeking New Majority Owner
The Company is a mechanical services company that since 2017 provides installations, repairs, and maintenance for gas compression systems. Gas compression utilizes specialized machinery to increase the pressure of gases, facilitating their efficient transportation and storage. The operations are primarily in TX, NM and OK and can expand globally. Customers are oil and gas companies on the production side, not the drilling exploration side. Thus, oil and gas prices are not correlated because the equipment is already on the ground and the Company services the equipment on each site for an average span of 5-15 years.
The TTM revenue is projected to be $7.7M at the time of closing (October 2024). The SDE was derived from the actual SDE from November 2023 to May 2024 and the projected SDE for June to October 2024.
