#18750 Premier Fluid Management, Pumping & Equipment Rental Company
This OFS Company has stood the test of time and is still growing and out performing it's competition! This oilfield fluid transportation and pumping service started in 1964. The business has 3 other satellite areas they operate from. Most of their customers have been loyal to the company throughout the years since inception and have grown with the company throughout the oil and gas industry.
The Company’s growth can be attributed mainly to their strengths and advantages in the areas of reliability, integrity, quality of work, timeliness of response, competitive pricing and geographic location as well as management and maintaining long tenured positions with their employees.
The Company's transport growth from 2016 to ending of 2017 saw an increase in revenue by more than 105% plus and from 2017 through year ending 2018 transport side grew by more than 44% plus+ and to this day it continues to grow. The swd well was added in the fall of 2018 which will only add to this Company's EBITDA number for 2019 and going forward.
The addition of equipment, SWD Well, and the growth of the workforce to 121 plus employees allow the Company to capture additional revenue from work previously outsourced. The Company continues to expand their sales territory and as their customers expand into additional counties. The Company is currently looking at adding additional service lines. Currently, as a part of the Company’s revenue, there are five Companies that handle everything from fluid management, swd well, pump downs, kill trucks, dirt work, roustabout services, to equipment rental, while continuing to keep their equipment maintained and currently rolling new equipment into their fleets.
The Company has much to offer a potential purchaser in the areas of stability and potential growth.
Since the Company has enough physical room for growth in both their operations, they are always looking for ways to grow their Company through forms of acquisitions. There is significant opportunity for growth of the business by adding sales personnel, expanding into other servicing areas, investing in additional equipment and opening additional oilfield service lines.
The Company is currently looking at putting in another yard and expanding their servicing area through an acquisition.
For more information on this acquisition opportunity contact:
W. Brad Troutman
APEX Mergers & Acquisitions LLC