The company is a provider of Non-Destructive Testing (NDT) services for businesses in various industries throughout the Southern United States. The company performs various direct and indirect tests to ensure integrity and continued safe operations with minimal downtime and without damaging or the need for sampling of assets.
Key Aspects:
· Growing business with strong reputation as a swift and reliable NDT service provider
· Master service agreements (MSAs) in place with over a dozen clients for regular asset maintenance
· All work is performed in-house, ensuring consistent quality and performance speed
· Proprietary asset management software provides an edge in management of client equipment inspection cycles
· All work performed meets or exceeds American Society for Nondestructive Testing (ASNT) and American Petroleum Institute (API) standards of operation and project performance
Opportunities:
· Keeping more inventory on hand could insulate the company from price fluctuations
· New field technologies can maximize productions and decrease downtime for clients
· Geographic expansion to serve client base's operations in the lower 48 states of the U.S.
· Addition of automated systems, radiography, aerospace sector work, and advanced NDT services can attract new clients and increase existing services
· Development and upgrades to ProFlow Management NDT Software Suite can provide recurring SaaS revenues
Headquartered:
· Central United States
Current Markets:
· The company provides NDT services to various businesses with a focus on the energy, industrial, and amusement park sectors. The company has a presence throughout the Southern United States with a focus in the Permian Basin.
Real Estate:
· The company operates from two facilities totaling roughly 28,000 square feet. Both facilities are leased from an affiliated entity and may be included as part of a sale or for lease postsale.
Shareholder Objectives:
· Two shareholders are seeking a more balanced lifestyle as well as the ability to pursue other investment opportunities. Both are open to entertaining various deal structures in order to facilitate a transaction and willing to remain with the company for a negotiable transition period if desired.