BUSINESS HIGHLIGHTS
Founded in 1928 and under third-generation ownership, the Company sells steel and industrial supplies to the oil and gas sector, government contractors including those working in the nuclear waste disposal sector, and the mining industry. Product categories include Industrial Equipment, Steel, and Industrial Machinery. Products sold include steel cut to the customer’s needed size, taps, drill bits, bolts, and gate components, to name a few. Due to increased oil field activity, the Company has concentrated more on being a steel and industrial parts supplier. The Company is an authorized distributor of products by several prominent/dominant brands.
INVESTMENT APPEAL
• Superior Name and Reputation: In business since 1928, the Company is well established and known across the oil & gas, mining, and other sectors in its operating region. The Company has an excellent reputation.
• Strong Supplier Relationships: The Company has longstanding relationships with key suppliers to ensure reliable supplies of quality steel and industrial supplies at competitive prices.
• Strong Client Relationships: The Company has many strong and longstanding customer relationships. The Company enjoys a high rate of repeat business and gains new customers via word of mouth and reputation.
• Strong Balance Sheet: Shareholder’s equity (unadjusted) at October 31, 2024, totaled $2,312,000, including $775,000 in inventory.
• Strong Net Working Capital: The Company’s current and quick ratios were 8.9 and 5.8, respectively, at October 31, 2024. Ratios above 1.0 generally indicate strength in a company’s ability to meet pro forma projections.
Ad#:2433282
