Specialty Trade Contractor - Oilfield Services, Permian Basin
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Asking Price
$10,000,000
Detailed Information
Business Description
We are a well-established specialty trade contractor based near the Permian Basin, providing top-notch oilfield electrification and automation services to renowned independent exploration and production firms. Our core services encompass constructing power lines, electrifying pumping units, installing electric motors, troubleshooting, automation, and sheave and hub belt services. The Permian Basin, the world's leading oil producer, has seen a shift towards efficiency and cost-effectiveness due to the shale revolution, prompting companies to focus on generating returns within cash flow constraints. With 47 years of experience, a staff of 60 professionals, and a solid reputation for quality work and safety leadership, we are well-positioned to capitalize on future opportunities in this evolving industry. In 2023, we brought in a former employee to lead our day-to-day operations, aiming to restore the company to its previous levels of profitability. With a total revenue of $14.9 million and adjusted EBITDA of $2 million for the year ended June 30,