The offering includes two companies, the first is a premier distributor of pipe, valve, fitting and MRO products and services to the oil, power, energy, waterworks and industrial market; The second rents a diverse range of equipment & industrial tools.
Key Aspects
• Excellent during and after-sale services creating lasting beneficial customer retention
• Direct supply of all products to commercial customers
• Master Service Agreements in place with major oil & gas producers
• Highly-trained staff with over 120 years of combined experience
• Consistent customer acquisition due to product availability and service
Opportunities
• Expand sales and rental to cover entire Texas market
• Establish e-commerce platform on website to facilitate and increase B2B sales
• Increase Maintenance, Repairs and Operating contracts with buyers
• Optimize logistics to shorten delivery times and increase cost efficiency
Headquartered
• Texas
Current Markets
• The companies serve the oil & gas production and midstream markets as well as waterworks and industrial customer markets in Texas.
Real Estate
• The entities operate from one facility that includes warehousing and office space. The facility is held by ownership and is expected to be included as part of a transaction.
Shareholder Objectives
• Two owners with interests in both companies are seeking eventual retirement and are open to a negotiable transition period post-sale. The third owner is active full-time and expects
to remain with the company post-sale to assist with future growth of both entities.
Financial information is TTM as of 4/30/2023