Diverse Trucking Services and Rental Equipment

Ector County, TX

Diverse Trucking Services and Rental Equipment
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Asking Price: $10,000,000

Cash Flow: N/A

Gross Revenue: $12,700,000

EBITDA: $2,700,000

FF&E: $7,150,000

Inventory: N/A

Real Estate: N/A

Established: 1995

Diverse Trucking Services and Rental Equipment

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Business Description

Diverse Trucking Services and Rental Equipment Company

This acquisition opportunity is a rapidly growing oilfield trucking service business operating in the Permian Basin. The Company has a fleet of Vacuum Equipment and Flatbed Trucks. Additionally, they have a rental business for equipment, including Frac tanks, along with Pulling Units manned by skilled crews. The company consists of 28 employees that operate from its headquarters in Odessa, Texas. The Company has a well-functioning system in place that allows them to put operators and drivers in the field as needed based on the client’s preference and size of the project. The majority of sales are made as bundled offerings to nationally-recognized oil and gas producers. Historically the company has always been profitable. During the 2015-2016 downturn in the oil markets, the company continued to be profitable. With strong cash flow, the company has been investing in people and operating equipment. The Company’s significant 9,600 sq. ft. of office, shop and warehouse space, along 28 acres of land, 6 additional shops, 3 bays, a sizeable pool of experienced, highly-skilled laborers, stellar safety reputation and favorable industry economics have contributed to the strong growth in 2018 and will enable rapid growth in the future.

Detailed Information

Location:
Ector County, TX
Real Estate:
Owned
Included in asking price
Building SF:
9,600
Employees:
28
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company’s significant 9,600 sq. ft. of office, shop and warehouse space, along 28 acres of land, 6 additional shops and 3 bays
Competition:
The Company is located in the oil-rich, rapidly developing Permian Basin. According to energy researcher ITG Investment Research, oil production in the area will rise from 1.5 million barrels per day presently to 2.5 million barrels per day in 2025.
Growth & Expansion:
The established business methodologies refined by the Company are expected to yield growth going forward. Management cites opportunities to accelerate growth trends over the next few years. The resultant revenue and profitability derived from these ventures include; product and service expansion, geographic market expansion, pursuing other customer markets, strategic marketing plan with additional sales personnel.
Financing:
We must speak with the prospect by PHONE before sending anything out. No exceptions!
Support & Training:
The Seller is seeking to sell 100% of the Company while staying on for a transitional period of 3-6 months. Any transitional period beyond 3-6 months would require him to come on board on a consulting fee basis. He is interested in a timely process with prompt execution of a definitive agreement during 2019.
Reason for Selling:
The seller would like to retire
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(from currently available funds)
 
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Enrique Romero

Business Listed By:
Enrique V. Romero

The Midessa Group

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