Reseller of Industrial Process Equipment for Oil and Gas
Gross Revenue: | $10,207,000 |
EBITDA: | $3,455,000 |
The offering consists of two entities operating collectively to provide synergistic benefits. The first entity has been in business for over 26 years and is a buyer, repairer, refurbisher, lessor, and reseller of industrial process equipment, specialized for the petrochemical and oil & gas industry. The second entity has the same principal and is the property manager of the industrial complex from which both businesses, as well as several other tenants, operate.
Key Aspects
· National Board of Boiler and Pressure Vessel Inspection (NBBI) “R” certified for pressure vessel repair.
· Competitive advantage by offering both sale and rental equipment allowing maximum flexibility to the client.
· Strong rental fleet for reoccurring revenue streams.
· Able to source competitive inventory & components by refurbishing new surplus and used equipment, with better delivery times of 6 to 8 weeks compared to 6 to 9 months.
· Company currently operates with minimal ownership management.
Opportunities
· The property is not fully utilized, allowing for expansion for additional tenant income or capacity to support Company business.
· Current business has sustained significant growth with minimal sales and marketing efforts. Addition of key sales efforts could contribute to overlapping industries and significant growth.
· Expansion into other equipment types would be relatively easy with minimal cost additions.
Headquartered
· Texas, U.S.
Current Markets
· The Company provides industrial process and production equipment to various energy and oil & gas enterprises as well as chemical plants throughout the United States.
Real Estate
· Both entities operate from a 135,000 total square-foot crane serviced facility, within a 19.7-acre industrial complex accommodating six buildings. The buildings consist of office, warehouse, modular fabrication, and storage yard space that facilitates easy shipping of large equipment and components. Portions of the property are leased to other tenants that brings in extra revenue.
Shareholder Objectives
· The Company is fully owned by two shareholders who are seeking retirement and an eventual full exit. One owner is active and open to remaining for a negotiable period to facilitate the transition of the Company. The second owner is a silent shareholder with no day-to-day duties.