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Details

Dec 19, 2019The offering consists of two independent businesses with complimentary services. Business #1 is a provider of ancillary flowback services for torque & test services to oil and gas operators near the wellhead. Business #2 offers rental equipment for the flowback testing & maintenance industry.

Key aspects
•Highly regarded and well known customer base
•More than 125 years of combined management experience offering torque and test and ancillary flowback services to upstream operators
•Cross-trained maintenance technicians allows for additional industry knowledge
•Strategically located near the Eagle Ford Basin, which is experiencing large growth in oil and gas production
•Over 35 Master Service Agreements in place, leading to high recurring revenue

Opportunities
•Opportunity to increase marketing and business development efforts
•Ability to expand to other shale plays, such as the Permian Basin or the Barnett Shale Play•A capital investment would allow both companies to purchase a wider variety of equipment to increase service and rental offerings
•Trade buyer acquisition would allow an enlarged market presence through the offering of a larger industry network
•Sign additional MSA's with larger partners in the industry to increase revenue

Headquartered
•Southeast, Texas

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