Environmental Drilling Firm

NJ

Environmental Drilling Firm
Contact Seller

Asking Price: $6,000,000

Cash Flow: N/A

Gross Revenue: $10,000,000

EBITDA: $925,000

FF&E: N/A

Inventory: N/A

Established: 1990

Environmental Drilling Firm

Save Print Share Valuation Report

Business Description

Leading environmental drilling firm with immediate growth opportunity!

The Company is a full service environmental and geotechnical drilling firm providing drilling solutions to clients including top environmental and engineering consulting firms, major oil and pharmaceutical companies, and government agencies. Founded over 30 years ago, the Company has established itself as a leading environmental driller throughout the Northeast region of the United States.

The equipment maintained by the Company can perform both environmental and geotechnical drilling, however, the core focus of operations is environmental drilling. Its highly skilled staff of licensed drillers have experience in operating a wide array of equipment ranging from small ATV Geoprobes, auger drills, and specialized injection equipment to large air rotary drill rigs and sonic drills. The primary market of the Company’s customer base is environmental and engineering consulting firms. It covers nearly the entire Northeast region completing projects from Virginia to Vermont.

The Principal is seeking to identify an ideal strategic acquirer who can capitalize on the Company’s position as a premier drilling operation in its market and provide the necessary resources to support its continued growth. The Principal would welcome the opportunity to remain involved with the Company in a business development capacity following a transaction.

Detailed Information

Employees:
50
Facilities:
The company leases 2 facilities in the NY/NJ Metro Area.
Competition:
As the Company has carved out its market niche throughout its decades of operation, it has established several competitive advantages that have enabled it to become one of the leading drilling firms in its market. These include, but are not limited to, being a regional leader in Sonic drilling technology, maintaining a state-of-the-art drilling equipment fleet, and having a long-tenured management team in place to oversee all operations.
Growth & Expansion:
The main factor holding the Company back from more aggressively exploring available growth opportunities at this time is capital constraints. There have been strides made to increase the capacity of the Company through new additions to its equipment fleet, expansion of the workforce, and acquisitions; but these have been modest in comparison to the potential growth that can be achieved with additional available resources. One key avenue of growth with be through acquisition of smaller drilling companies that can be easily folded into the Company's operations.
Support & Training:
Principal is willing to participate in transition period, and would entertain remaining involved with the Company beyond the transition period. There is also a President who oversees day-to-day operations that will remain with the Company going forward.
Reason for Selling:
Succession Planning/Retirement
Contact Seller

Contact the Seller

Contact Seller Loading

La'Teya Tennet

Business Listed By:
Le'Teya Tennet

Sun Mergers & Acquisitions

Show Phone Number

View My Listings


Sponsoring Broker:
Randi Goldberg

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1615245 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


ACFN the ATM Franchise Business

Franchise Opportunity In NJ
Capital Required: $60,000