Oilfield Services, Trucking, and Equipment Rental Company Northeast PA
Pennsylvania
| Asking Price: | $7,350,000 |
| Gross Revenue: | $3,370,000 |
| Established Year: | 1981 |
| Cash Flow: | $870,000 |
| FF&E: | $3,000,000 |
Listing ID: 2204661Listing provided by BizBuySell
BUSINESS DESCRIPTION
Founded in 1981, this Oilfield services company primarily serves as an equipment rental company to a major natural gas and energy company pursuant to a Master Services Agreement (MSA). The company also transports and hauls everything necessary, except anything qualifying as “permitted heavy hauling.” The company does not transport water, as water is typically piped on site.
The primary services provided pursuant to the MSA are:
-Roustabouts
-Telehandlers
-Fuel Trailer/Hot Shots
-Fueling
-Plowing/Cindering (seasonal)
-Trucking/Winch Trucks
DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The equipment is valued at $3,000,000 and is included in the sale.
The business is relocatable, and the real estate is not included in the sale.
Competition
It is increasingly difficult to secure a Master Services Agreement in this industry and geography.
Growth & Expansion
The primary customer is a significant player in the energy industry.
Financing
none
Support & Training
The owners are available for a period of paid consulting for 6-12 months following the sale.
The Operations Manager runs the day-to-day operations and would like to remain with the new owner.
Reason for Selling
Retirement
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