Mergers & Acquisitions for 39 years.

Oil & Gas Service Company

Acquisition Opportunity - Midwest

With four drilling rigs capable of reaching 14,000 ft, this company specializes in providing oil and gas drilling, rigging, and other oilfield related services. Other noteworthy services include equipment hauling and distribution of branded drill bits. The owner acts as a General Manager with a strong team to keep operations streamlined through several projects. With its broad range of services, the marketing efforts focus on targeting oil and gas field properties in the northeast quadrant of the Midwest.

Revenues have been increasing over the past four years due to an increase in regional oil and gas production. Last year, the company’s total revenue was an impressive $20,740,000 with Seller’s Discretionary Earnings of $5,740,000, rounded. The sales projections for 2023 are north of $15,000,000 again with strong profit margins. Operating from a 33,345-square foot, four building property, the facilities sit on approximately 13 acres and are available for lease or a separate purchase at $1,500,000 +/-.

The facilities included the main shop for job preparation and equipment repair, warehouse space, front and rear parking, and office space. The company has a proven track record, supported by 93 personnel and 28 years of ongoing business. The price includes inventory and equipment, with negotiable A/R, A/P and WIP as a cash-free, debt free opportunity.

Refer to Seller Number: S-2937-54 TJE

Financial Summary
2023*20222021
Revenue$15.0M$20.7M$12.5M
EBITDA$10.9M$16.8M$9.8M
*Est by Seller
Other Highlights
FinancialsManagement Team in PlaceYears in BusinessSIC / NAICS
ReviewedYes25+1389 / 213112

This document is confidential and contains proprietary information belonging to Gottesman Company. It is unlawful to reproduce or distribute without express written consent of Gottesman Company. No warranties or representations are made in connection with the information provided herein. Gottesman Company is an M&A Business Broker, whose mission is to locate opportunities and introduce participants.

Direct inquiries to:

Gottesman Company

America's International Network of M&A Business Brokers
Tel: 212-330-8010
Fax: 646-434-4557
Share Print