The offering consists of two entities operating collectively to provide synergistic benefits. The first entity is a buyer, repairer, refurbisher, lessor, and reseller of industrial equipment, specialized in production equipment for the oil & gas industry, and the second is the owner and property manager of the industrial complex from which both businesses, as well as several third-party lessors, operate.
Key Aspects
• Operating for over 25 years in industrial & production equipment sales
• National Board of Boiler and Pressure Vessel Inspection (NBBI) “R” certified for pressure vessel repair
• Equipment rental and leases provide alternative, recurring revenue streams
• Ability to bid below-market and refurbish new and like-new surplus equipment provides stock inventory and strong cash flow stream
• Newly acquired building and cranes allow for additional inventory and repair capabilities
• Revenues and costs are subject to intercompany transfers not identified
Opportunities
• Completion of storage bay will allow for additional inventory for immediate rental and sale
• Growing demand for equipment rentals provide regular recurring revenues, which is expected to continue
• Hiring of chemical engineers can accelerate the purchase of new inventory and speed of repairs
• Diversify into other oilfield production equipment to increase product offerings to customers
• Synergistic gains with other equipment rental and fabrication companies
Headquartered
• Southern United States
Current Markets
• The company provides industrial production equipment to various oilfield production and equipment companies as well as chemical plants throughout the United States.
Real Estate
• The company operates from a 24,750 square-foot facility, part of a 19.7-acre industrial complex, which is leased from an affiliated entity. The location is a combination office, warehouse, and storage yard that facilitates easy shipping of large machines.
Shareholder Objectives
• The company is fully owned by two shareholders who are seeking retirement and an eventual exit from the company. One owner is active on a part-time basis and is open to remaining for a negotiable period to facilitate the transition of the company