Michigan Based- Profitable Artificial Lift & Pump Solutions Company

Profitable Lift and Pump Company For Sale

A Michigan-based artificial lift solutions leader has carved its name across the Midwest and beyond for over three decades. Starting humbly as a specialist in custom rod pumps, the company has embraced industry evolution, expanding its expertise to encompass a diverse spectrum of lift solutions. Electric submersible pumps, plunger/gas lifts, and progressive cavity pumps now stand alongside its signature rod pumps, ensuring its place at the forefront of innovation.

This commitment to excellence extends far beyond products. The company acts as a true partner, not just a service provider. Its experienced field technicians tailor solutions to each client, tackling existing problems with expert skills and optimizing production through pump maintenance and comprehensive cause/effect evaluations. This deep understanding of the oil and gas landscape translates into time-tested methods for boosting production and extending equipment lifespans.

A testament to this unwavering commitment is the founder's journey. Initially representing leading rod pump manufacturers, the company quickly broadened its offerings to include low-maintenance options like progressive cavity pumps, plunger/gas lifts, and ESPs, catering to cost-conscious operators. When the early 1990s brought industry transformation with the Antrim Shale development, the company recognized the need for cost-effective production solutions amidst declining prices. It pivoted its focus to ESPs and, through collaboration, developed a groundbreaking smart downhole system that efficiently dewatered countless Antrim Shale wells.

Today, this legacy presents an incredible opportunity for acquisition. Assets and real estate are available, offering investors and organizations a unique chance to tap into the thriving world of artificial lift solutions. More than just a company, this entity represents the very essence of this vital field, built upon a foundation of over thirty years of excellence.

Financial Highlights:

• 2023 Sales YTD: $1,343,103.68; Owners Salaries $248,523.00
• 2022 Sales: $2,573,871; Owners Salaries $311,213
• 2021 Sales: $1,480,014; Owners Salaries $297,076
• Average 3-year EBITDA> $520,000
• Average 3-year SDE > $880,000
• Assets: $1,362,181.21
• Inventory > $400,000

Investment Highlights:

• Strong financials with steady growth and profitability.
• Diversified product portfolio across different artificial lift systems.
• Established a customer base of over 115 past and current clients, with 30 active customers.
• Limited geographic competition with potential for expansion.
• Tremendous growth opportunities for expansion within the United States and Internationally.

Price: $2,400,000.00, plus Inventory; Seller retains Accounts Receivable, Accounts Payable, Cash, and Cash Equivalents. The seller is open to a long-term lease or sale of the Real Estate.
Reason for Selling: Seller’s desire to retire.