Profitable Oil Well Completions Services Company in west Texas
| Asking Price: | $25,000,000 |
| EBITDA: | $5,400,000 |
| Gross Revenue: | $33,400,000 |
| Established Year: | 2021 |
The 9941 Group is currently assisting on the sale of a rapidly growing Oil Well Completion Services Company established by seasoned Oil & Gas professionals in early 2021 servicing Texas, New Mexico, Oklahoma, and Louisiana. They specialize in a wide range of Pump Down services and Chemical Mixing. Gross Profit and EBITDA are on pace to be $21M and $8M in 2024 based on 3Q.
In just three years, the company has been accepted by the market and has competed for bids with major, well-known companies. It is quickly becoming one of the premier pumping services companies in west Texas. They have 50+ employees with extremely low turnover, and the current owners and managers are open to staying on board to continue growing the business, which makes this a great semi-absentee acquisition opportunity.
The company offers a buyer with multiple investment opportunities, including:
1. Capacity and Horsepower
2. Chemical Mixing Plant Units
3. Acid Transports
4. Additional service lines:
a. Wireline
b. Thru-Tubing
c. Flow-Back
d. Acid Hauling and Blending
Aug 2024 TTM Financials:
Income: $33.4M
COGS: $14.8M
GP: $18.6M
NI: $3.6M
EBITDA: $5.4M
