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Jun 23, 2020A business that provides specialized oilfield services which include roustabout, trucking, construction, welding, and heavy equipment leasing and operations.

Key aspects
•Multi-service experience with the flexibility to quickly pivot its focus based on industry need
•Founded by a longtime oilfield worker, in operation for over 20 years serving the oil and gas industry
•Master Service Agreements with all customers
•Long-term customer relationships with Fortune 500 companies through high-quality, consistent, and timely delivery of in-demand services
•Diversified portfolio of service offerings
•Strategic offices located near the active shale plays in the United States

Opportunities
•Further capital investment in additional equipment and personnel to expand service offerings in growth areas such as West Texas, Oklahoma and Ohio
•Continue expansion with additional staffing and new business development efforts
•Convert under-utilized Master Service Agreements into new, recurring business

Headquartered
•Fort Worth, Texas

Current markets
•The business currently serves oil and gas exploration and production companies with active oil rigs located in the Eagle Ford shale, Utica Shale, and the Permian Basin.

Real estate
•The company operates from several field office locations throughout Texas and Ohio. The locations are leased from both related parties and unrelated third parties. The real estate that is owned by related parties is not expected to be a part of the sale.

Shareholder/owner objectives
•The sole owner is seeking to retire and is open to various deal structures with the appropriate buyer. He is willing to stay on for a transitory period. The owner´s day-to-day duties have already been transitioned to key management which is expected to stay on after a sale.

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