#10970 Oilfield Service Fluid Transportation & Rental Company & SWD Disposal Services
Based in the Mid-Continent area, this Company is THE leading fluid transportation, disposal and frac tank rental business in the area. Serving a 100-mile radius from its highly visible, owned location that services some of the largest oil and gas fields and shale play in the region. Reason for selling is that it no longer fits strategic focus area of the parent Company.
Driving its revenue growth potential is its location and dedicated service to their clients with large drilling programs. The Company is able to leverage its relationships with customers to additional revenue streams as it continues its growth.
Specifically, the Company has executed and positioned themselves for significant growth while investing in their business with cost saving technology, maintenance, and safety programs to benefit as the rig count continues to climb. Over the past five years, posting revenue growth from $6,339,260 in 2013 to $11,035,344 in 2014, to $9,691,962 in 2015 during the downturn within the industry, and $6,214,977 in 2016.
Known for its reliability, integrity, quality of work, timeliness of response, competitive pricing and geographic location, the Company is considered the Premier leader in the region with a reputation for first class service. The Company services the largest E&P Companies and Drilling Companies in their servicing area while building lasting partnerships. In addition, fixed assets are valued at $8.6mm+ before depreciation. The Company’s equipment, including transports, disposal services and frac tank rental, are current and well maintained and in compliance, adding to its ability to consistently deliver for customers. The Company’s current equipment list can be provided upon request.
The Company’s headquarters, with its office and yard is owned by the Seller and will be included with the sale. Located just off a highway frontage road, the combined office and shop is approximately 6,400 square feet and a more-than 10-acre gravel packed storage yard is included.
The Company offers significant opportunity for further growth by expanding its territory, adding personnel and offering additional service lines, as the area’s gas and oil fields have significant growth potential. Company also believes that there is a need for additional equipment in the area and, if proper investment is made, income could be increased significantly.
The Company currently employs thirty-two (32) full time employees, most of whom have significant knowledge within the Industry. In addition, the management team is willing to continue for a transition period if needed.
For more information this fluid trnasportation rental and SWD well opportunity.
W. Brad Troutman
APEX Mergers & Acquisitions LLC