Oilfield Service Rental Tool Company #10879 SOLD
#10879 Midwest Oilfield Service Company Oil Tool Rental Business For Sale
This Oilfield Service Business for Sale is an oilfield tool rental company located in the Midwest. This Oil Tool Rental Business for Sale employs 3 full-time and 1- 1099 contractor to fulfill their clients’ needs, servicing a four state in the Midwest. This Oil Tool Rental Company has sent tools as far as China, Australia; Nova Scotia . It has a 3,000 sq. ft office and a shop that was built in 1997, where they recondition and repair their tools, sitting on 2.8 acres. The building and property are owned by the Owner and is leased back to the Owner. The oilfield business for sale was founded in 1991. The majorities of the Oil Tool Rentals customers have been with them since inception and have grown with the company. The largest account represents 35% of the company’s revenues and has many independent producers to add to their client base. There is a management team in place that is willing to continue with the business, and the Owner would stay on to manage the company for a salary and a benefit package. This company has much to offer a potential purchaser in the areas of stability and potential growth. They are recognized for a great reputation, reliability, strong customer base, quality service, good equipment, and excellent cash flow, along with tools that most companies do not have, thus putting them in a special niche arena. They service their clients in a four state area while renting tools to some of the largest servicing companies like Smith and Weatherford. While this oilfield rental tool company services their clients in some of the largest gas and oil fields; they still have growth potential. There is still room for growth by adding sales personnel, adding additional equipment and expanding to satellite areas. Current financials and an inventory of equipment can be furnished to a potential buyer upon request. The property and building can be purchased with the business or leased from the current owner.
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Information on this Oilfield Rental Tool Business For Sale:
W. Brad Troutman
APEX Mergers & Acquisitions LLC