Mining/Aggregate Company With Complementary Hauling Division 1317


Mining/Aggregate Company With Complementary Hauling Division 1317

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$22,924,140





Mining/Aggregate Company With Complementary Hauling Division 1317

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Business Description

This mining/aggregate company with complementary hauling division operates in the Bakken oil region. The company holds mining rights to multiple pits with an estimated 34,000,000+ tons total in reserve (27M+ in the Bakken region); products include Class 3 & 5 gravel, Class 13 gravel various rock from 1" to 4", Riprap rack, Scoria, black dirt, screened sand and pit run. The majority of the mining rights in the Bakken are either transferrable or able to be worked under a subcontract agreement.The company has two office locations. It has consistently grown its customer base in the Bakken over the last few years (Customers: 2011 - 31, 2012 - 52, 2013 - 102, 2014 - 109). The top Bakken customer accounts for 9% of overall sales in 2014.The North Dakota Dept. of Transportation’s STIP budget through 2018 is over $3 billion. It includes: preventative maintenance, highway and bridge construction, resurfacing and safety projects. 45% of the work will be interstate and 38% will be rehab/new construction with over 8,500 miles of roadway affected. Pinky’s Aggregates has been a trusted source for several DOT jobs in the past and continues to have a very strong reputation for quality product and on-time delivery. It also holds an MSA with WPX.There is an opportunity to purchase the Bakken business division only or the entire operation. The owner is seeking to ideally sell 100% of the company, but would consider retaining some equity (up to 25%) for the right buyer/situation.The company also provides the following services; excavation and grading, road construction including subgrade and gravel, pad construction including top surfacing, erosion control, land clearing, lowboy services and excavation/underground work for water/sewer.This is an ideal opportunity for a strategic company/PE Firm looking to expand their existing services or gain a stronger foothold in the Bakken region as it holds leases in several strategic locations. This opportunity could also serve as an ideal entry point to enter the Bakken due to its size, strategic locations and number of key customers both in civil construction and the oil and gas industry. Management has identified significant growth opportunities both organically and through acquisition.

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Detailed Information

Growth & Expansion:
Growth opportunities are significant. Management is not pursuing multiple sales opportunities and has fielded many customer requests to expand its services. Management is seeking additional project managers and/or site foremen in order to manage additional revenue opportunities.
Reason for Selling:
Slow down and enjoy life a little more (grandkids, fishing etc.)

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Scott Bushkie, CBI, M&AMI

Business Listed By:
Scott Bushkie, CBI, M&AMI

CornerStone Business Services Inc.

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