Sold. Oilfield Services Business For Sale

This Company for sale is a highly profitable, growth-oriented oilfield services firm that specializes in production and drilling services such as fluid transportation, hot oiling, kill procedures, acidizing, chemical sales and other oilfield services for oil and gas production companies. The Company currently owns and operates two salt water disposal sites and has two additional salt water disposal sites awaiting permit approval. These two new disposal sites are scheduled to be completed in 2013.

A fleet of 100+ well-maintained oilfield services trucks with a 13,000 barrel capacity includes roughly 70 specialized vacuum trucks that provide services for the extraction, separation and transportation of waste water to two Company-owned salt water disposal sites. The salt water disposal sites, along with several Company-owned fresh water stations provide a distinct competitive advantage and contribute to healthy gross margins for this oilfield services business for sale.

The account base for this market-leading drilling services business for sale is comprised of nearly 300 loyal customers that include globally recognized independent oil and gas production companies. Open-ended master service agreements ensure compliance with a customer’s strict operating standards and build strong and long-lasting customer relationships.

Sales increased from $17.5 million in 2009 to $27.6 million in 2012, representing a 16.5% CAGR. Recent organizational restructuring of this growing oilfield services business for sale has yielded significant increases in profitability, as well. Management of this growing oilfield services company projects fiscal 2013 sales to be approximately $30.7 million, with EBITDA of nearly $6.2 million (20.1 percent). Full-time staff of 106 employees includes 66 CDL drivers. Combined, Company facilities total more than 55,000 square feet of office, operational and storage space with two saltwater disposal sites and fresh water stations strategically located near customers drilling sites. This oilfield services business for sale practices safety-based training and is in full compliance with Federal and State Department of Transportation regulations with satisfactory ratings.

Expansion Potential
Management believes considerable growth potential exists via service expansion and geographic market expansion. The company is currently heavily focused on adding to its salt water disposal sites and is also working to grow its frac tank rentals, acid and chemical sales and oil field consulting services. In addition, management believes that opportunities exist for entrance into neighboring regions.