Oilfield Service Business For Sale Frack & Acid Pumping Service #10747
Integrity, Experience, Knowledge, Quality, and Customer Service
Real Estate: owned included in sale:
This hydraulic fracturing, fracking and acid oilfield service business for sale was formed in 2000 as a C Corporation, and then was incorporated as an S Corporation in 2004. This frac and acid Oilfield Service Company started with one truck and two men and built this company to the size it is today by taking advantage of the enormous shale play in their servicing area. Most of these frac and acid oilfield service businesses for sale clients have been with the business for sale owner since inception. The largest client from January through May 2012 was 15.5% of the yearly gross revenue and the large diversified client base has grown with the frac and acid oilfield service owner as the oil and gas industry exploded over the past thirty-two years. The equipment, facility, and management is second to none. There is a management team in place with years of experience willing to continue with the new owner and the current owner would stay on to run the company.
The hydraulic fracturing and acidizing oilfield service business for sale currently employs 50 full time employees and operates 365 days a year 24/7. The business is managed by the owner and the Midwest oilfield service business for sale operates out of one location with buildings and storage of appx 37,000 sq. ft. that are in excellent condition. The business began adding to and replacing trucks and equipment to keep up with the growing market as sales reached over $18 million. Sales, again for 2012, have continued to grow over 40% from 2011 and estimating them around $36m with a $12.6m EBITDA million by year end in 2013. The Companies growth can be attributed mainly to their strengths and advantages in the areas of reliability, integrity, quality of work, timeliness of response, competitive pricing, geographic location, years of experience and knowledge within the oilfield industry.
This frac and acid oilfield service business for sale has much to offer a potential purchaser in the areas of stability and management to continue the growth. This Company has sufficient physical room for growth in their servicing areas; there is significant opportunity for growth of this Company by adding sales personnel, expanding into other servicing areas, investing in additional equipment and opening additional service lines such as tank truck, frack tank rental and other service related to the oilfield service industry..
The owner has put this frack and acid oilfield company in a position to sell, climbing gross sales, strong cash flow, good equipment, and a strong, experienced, management team in place, and is looking at expanding their acid pumping capibilities in 2013. This expansion they are estimating will increase the gross sales by 30% and carry a 40% profit margin. The Company went through a State DOT audit in 2010 with a Satisfactory rating and has already done an environmental study on the property at the end of 2011 that can be furnished to a Prospective Buyer.
The current owner is looking for a recapitalization with buyout clause, or cash asset / stock buyout with the usual representation and warranties of a transaction of this size. The management team is in place for a new owner to step into this profitable business and grow this Oilfield Frack and Acid Company to the next level with prepared financials from their CPA for a quick due diligence period for the prospective Buyer.
*Financials can be provided with an executed NDA
Information on this Frack and Acid Oilfield Service Business for Sale:
Contact: APEX Mergers & Acquisitions LLC
W. Brad Troutman
A/R’s: $4.061m 45 day turn
Inventory: $250,000 (adjusted at time of sale)