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May 22, 2018 — This is a great opportunity to own an established oilfield services company whose performance and success IS Not dependent on oil & gas price fluctuations. The company services the oilfield construction sector and is capable of handling almost every job on a project, ranging from fabrication & shop work to full facility/pipeline construction. With numerous indicators pointing to oilfield activity ‘ramping up’ in the coming years, this is the perfect opportunity for a savvy investor who knows the industry to buy at a great time!
The company’s facility is located in central Alberta which allows them to handle projects in all 4 corners of the province. In addition to this, the company is licensed to operate in BC & SK. Due to the company’s core values, the business currently has a very dedicated and well trained staff which contains a number of highly competent managers – many of whom have decades of experience in the industry.
The company is very well positioned for future growth. They recently expanded their facilities which contributed to the company posting their most profitable year to date in 2017. The risk associated with purchasing this business is greatly minimized due to the fixed assets and working capital being left in the business making up a large portion of the purchase price. In addition to this, the barriers to entry are significant as the ability to establish an operation similar to the business is a capital intensive and would take years to groom labour & build customer relationships.
The owner is completely committed to a smooth transition and cares about the future success of the company - so much so that he intends to continue working in the business for a few years post-sale in order to make the transition over to the new owners as seamless as possible and to set the company up for future success.
A financing package is currently being developed by the BDC and details of this can be shared with qualified buyers.
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