Specialty Trade Contractor - Oilfield Services, Permian Basin

Featured on BusinessForSale.com . 17 viewed

Asking Price

$10,000,000

FOR SALE - ACTIVE

Detailed Information

Location

Texas, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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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,

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