Sold. Custom Oilfield Equipment Manufacturer

This business for sale is a privately owned and operated specialty manufacturing firm that designs and manufactures high quality custom oil rig components. The majority of the Company’s revenue is generated from the manufacture of custom generator houses, hydraulic skate catwalks, doghouses, mud tanks, fuel tanks, and related custom oil field equipment. The Company also provides fieldwork and maintenance services. Advanced technical skills are combined with state-of-the-art equipment in all production.

Expansion Potential
Market Outlook/Competition Description: The Company is well positioned to capitalize on its excellent industry reputation and the positive prospects forecast for the industry. The Company’s 6-year history of providing state-of-the-art specialty oil/gas equipment manufacturing for its customers will be the key to its continued growth and success. Full-year FYE March 2013 revenue is projected at $4.45 million. This positive outlook is well supported by strong conversations between company management and its largest customers.
Management envisions the following opportunities for growth:
• New Projects – The Company has been aggressively bidding on new projects. Management anticipates obtaining these as well as other new contracts during the pro forma period, thereby enabling future revenue growth.
• Reputation – This Company’s reputation for providing excellent products and service is supported by exceptional technical expertise and customer service. The Company employs a dedicated team of highly trained, skilled professionals with extensive experience in the industry.
• Expansion in New Market Segments – Management plans to add new welding and custom product services to augment revenue growth.
• Increased Number of Clients – Management is always strategizing to attract new clients who will increase future revenue.