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Provider of Environmental and Roustabout Services in the Permian Basin

For Sale in Lubbock, TX

Listing ID: VEN1628 | Broker Listing ID:

Financial & Assets Details

$3,974,000
$595,000

About the Business

Business Description

The company primarily provides remediation and roustabout services to its customers in the oil and gas industry. The company is also the sole distributor of a product that services numerous industries beyond oil and gas.

Key aspects
· The company is currently experiencing explosive growth
· Services well-known oil and gas companies in the Permian Basin
· Alternative products and services being offered helps to decouple the company from oil and gas industry dependence
· Employees have decades of experience in the Permian Basin as well as the Eagle Ford Shale
· Professional sales team that is experienced in oil and gas, municipalities, and agriculture industries
· Highly adaptable to the market and customers´ needs
· The company is actively adding new services to its offerings

Growth & Expansion

Opportunities
· Continue to aggressively market alternate products and increase sales
· Purchase additional equipment to expand service offerings
· Increase sales with current customers and gain new leads
· A cash injection will strengthen negotiating position of contracts
· Expand product market share in the dairy and seed industry

Market Competition:

Current markets
· The majority of customers are oil and gas companies in West Texas. The company´s products are also utilized by a variety of industries such as farms, ranches, residential construction, municipalities, oil, and gas.

Shareholder/owner objectives
· The company's owners plan to stay with the company after the sale to facilitate a smooth transition of management.

Location Details:

Headquartered
· West Texas

Real estate
· The company has two offices. Both spaces are leased from unrelated parties. The business is relocatable.

Listing ID: VEN1628