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Jun 23, 2017 — 2017 Forecast of $45 Million Revenue & $8.5 Million EBITDA.
West Texas • East Texas • Oklahoma • New Mexico.
The Opportunity: This high-performance company specializes in the transportation, complete setup and rigging of drilling rigs, production equipment and other oversized and heavy oilfield equipment. Areas of operation for this heavy haul trucking company include the Permian Basin, SCOOP/STACK, and Anadarko formations, in addition to all of East Texas. Management’s ability to complete projects efficiently has allowed the company to remain highly competitive through the recent industry downturn, and emerge as a healthy organization. The company has over $30 million worth of equipment and a relatively small amount of debt, with more than 450 trucks, trailers, cranes, forklifts, pickups, and specialized equipment to serve the transportation and logistical needs of drilling contractors, E&P company customers, and oilfield service providers. Since the company performs work for as many as 150 (or more) customers in a given year, there are no issues with customer concentration. The principals are open to either a full or majority sale transaction. The talented and experienced management team would prefer to remain with the company following a transaction.
Financial: The company’s financials are audited. Due to the slowdown in the oil and gas sector, revenue and profit were down in 2015 and 2016, with 2017 rebounding well. Revenues are expected to be $90 million, with EBITDA of $11.5 million in 2018. The company has, in the past, generated revenues of as much as $180 million a year, with healthy margins. Numerous former competitors have left the market.
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