#14100 Oilfield Tank & Pressure Vessel Manufacturer OFF THE MARKET

                #14100 OILFIELD MANUFACTURING COMPANY FOR SALE                                  

                                                      OFF THE MARKET

This is a Certified Oilfield Tank and Vessel Manufacturing Company located in the Mid Continent Area.  The current management team has 150+ years of experience with tenured positions. The company prides itself on their produced product and workforce that carries a solid reputation inside the industry that is second to none, and has certainly stood the test of time.


The company currently has experienced relatively low employee turnover, with most current employees having three to five years of service. Their regional service area encompasses some of the largest oil and gas fields in the Mid Continent Area.


The company currently operates with ample manufacturing and administrative space and has additional raw land earmarked for future development. This company has all of its API and ASME accreditations to supply and handle their customer’s requirements. The company has strong management in place that is willing to stay through the transaction. This manufacturer still has room for growth and will continue to be a leader in their industry and will enjoy many more years of success.


The company’s customer base is approximately 130, its single largest customer represented only 10% of the company’s total 2013 annual revenue. Approximately 80% of the company’s revenue comes from repeat business.


Current management team is willing to continue with the business and the Owners have expressed their willingness to stay on through a transition period, if needed. The company has experienced significant overall revenue growth during the past four years. Revenues grew by 146% from $3.24 million in 2010 to $7.96 million in 2011. In 2012, revenue increased by 159% to $20.61 million compared to $7.96 million in 2011. In 2013, revenue decreased by 30% from $20.61 million to $14.42 million as a result of change in strategy.


 The company’s 2014 Forecast includes revenue growth by 74% to $24.76 million compared to $14.42 million in 2013. Adjusted EBITDA has similarly tracked the revenue growth, showing a 186% increase from 2010 at $.19 million to 2011 at $.53 million. In 2012, EBITDA increased by 329% from $.53 million to $2.28 million. Once again tracking the dip in revenue from 2012 to 2013 Adjusted EBITDA declined by 66% from $2.28 million to $.79 million.


 As with revenue, Adjusted EBITDA for 2014 per Forecast is back on track again, at $7.17 million, which will be an 808% increase over 2013 at $.79











12/31/2014 Forecast



































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Contact:    W. Brad Troutman