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Oilfield Rental Company in Permian Basin

Texas, United States
Asking Price-
Revenue$5.80m
EBITDA-
Cash Flow$1.11m
Description
Oilfield rental company that serves the Permian Basin in West Texas and New Mexico. Company has been in business for over 16 years. The company specializes in renting manlifts, forklifts, light towers, trash trailers and porta-johns. 35 MSA’s in place including some of the larger operators in the Permian. A focus on customer service is the strength of the company – excellent reputation for responsiveness and quick turnaround. Strong workforce – Field Supervisor has been with the company for 8 years. Extensive list of equipment owned by the company including over 100 light towers, over 100 porta-johns, 18 forklifts, 13 manlifts, and several vehicles and trailers to move and service the rental equipment. Company owns a 3-acre yard with a new 1200SF office/shop that has just been constructed and equipped. Option for buyer to either buy or lease the property. Great opportunity to acquire an established platform to facilitate the expansion of services in one of the most active oil and gas fields in the US. Please refer to CBB Listing #8303
Real Estate
Owned
Furniture Fixtures & Equipment
$3.56m
Number of EmployeesFull-Time: 11
Year Established
2006
Reason Selling
Area of operations is too far from Owner's home.
Facilities & Assets
1200sf freestanding facility on 3 acres of land
Support & Training
Sellers will train
Growth Opportunities
Hire salesperson. Expand product offerings to include air compressors, generators, and water transfer pumps. Offer more trucking services. Create website.
Asking Price-