Wireless Directional Drilling Steering Systems Manufacturer

CA

Wireless Directional Drilling Steering Systems Manufacturer
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Asking Price: N/A

Cash Flow: $898,000

Gross Revenue: $3,100,000

EBITDA: $898,000

FF&E: N/A

Inventory: N/A

Established: N/A

Wireless Directional Drilling Steering Systems Manufacturer

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Business Description

This 25+ year-old Company designs, manufactures, sells, and services a proprietary line of Electromagnetic (EM) Telemetry, Measurement While Drilling (MWD) Steering Systems. The systems are employed in Oil Field Services, Mining Services, Utility Installation, and Environmental Remediation business communities for the purpose of guiding directionally drilled boreholes. The Company sells to widely known directional drilling and drill stem test customers in Australia, Canada, and the US. Besides the tremendous growth potential mainstreaming EM technology and updating older equipment, management has identified several opportunities to accelerate growth. They include: new products, such as Dual Telemetry (add-on product), and new EM wireless applications for horizontal directional drilling and downhole pressure monitoring.

Detailed Information

Financing:
Terms considered
Support & Training:
Customary transition period
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Lori Galloway

Business Listed By:
Lori Galloway

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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