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Details

Apr 1, 2019This company is comprised of two divisions. The first is a metal machining and fabrication business that, primarily, manufactures for the methane and oil field industry. They manufacture a comprehensive line of wellheads, hammer unions, bull plugs, couplings, nipples, valves and other products and have the capability to do custom machining of parts that are outdated or non-typical. The second division is a wholesale/distribution company. They have warehouses in multiple states and a nationwide network of distributors that supply wholesale methane and oil field parts. They sell both imported parts and parts produced by the manufacturing company

Acquisition Highlights:
• Exceptional customer service
• One owner is willing to remain with the business post sale
• Experienced sales staff in place
• Wide range of high quality product lines to meet the needs of the oil & gas industry
• Diversified client base - approximately 650 customers
• Nationwide network of distributors in place
• Warehouse locations in multiple states in place to facilitate shipping throughout the nation
• Companies have built great reputations through the years and are highly respected in the industry
• Experienced design and development team in place that is able to handle custom orders from start to finish
• Import relationships established
• Easy expansion into related markets

Financials are as of 12/31/2018.

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