DealStream Logo

Details

Feb 1, 2019This company provides servicing, repair, replacement, and fabrication of rotating equipment to mid-stream, industrial, and municipal customers. This includes electric motors, pumps, generators, gear boxes, and more.

Key aspects
· Multi-faceted capabilities, offering heavy equipment repair services and fabrication services
· Operates out of a UL Certified facility
· Term contracts with municipalities and large companies
· One-stop-shop, including field services and installation
· Strong relationships with reputable suppliers
· 25-30 experienced employees
· 85% of sales are repeat business
· Can handle complicated project needs, but with the turn-around time and customer service of a smaller company

Opportunities
· Current location provides the space for project volumes to double
· Southeast Texas offers a large customer base
· Expand into the upstream service market
· Increase fabrication activities
· Expand machining services
· Broaden package unit productions - keeping a stock of inventory on hand will result in more sales

Headquartered
· Houston, Texas

Current markets
· This company serves the mid-stream, industrial, and municipal markets. Most customers are in Southeast Texas, primarily Houston and the surrounding areas.The company does not currently export any goods.

Real estate
· This company is located on a one acre lot with 25,000 square feet of structures on it. It rents the property from another company associated with the owner. This property is not included in the sale, but is available for a long-term lease.

Shareholder/owner objectives
· The primary operator is looking to retire. They are willing to stay for a short period to ensure a smooth transition of management. The other owners are not active in the business and will exit upon the sale of the company.

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