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| Overview |
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For Further Information |
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| Business |
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Contact: |
Dave Lewis |
| Description: |
Tools, Plugs & Valve Manufacturer for Energy Sector |
PFW Office: |
Broomfield |
| Location: |
Rocky Mountain Region |
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Telephone: |
303-427-0800 |
| Sales: |
$2,801,000 |
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Fax: |
303-427-7707 |
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Email: |
david@proformawest.com |
| Business Price: |
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| Real Estate |
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| Size of Premises: |
0 |
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Business Summary
The Company designs and manufactures down hole oil tools used in down hole completion work in oil and gas wells. The Company’s product lines consist of drillable plugs/retainers (61% of sales), retrievable plugs (26%), test valves (3%), setting/retrieving tools (2%), composite tools (1%), and miscellaneous (7%). The recurring customer base consists of independent service companies (70% of sales) and resellers (30%).
- Rapid sales growth (19.6% compounded annually from 2004 – 2008) and strong profitability (EBITDA has averaged 29.4% of sales)
- Superior name and reputation – The Company enjoys a long-standing (10+ years) reputation for excellent capabilities and superior customer service
- 95% repeat business generated from strong, stable customer base
- Experienced management and staff available to remain with new ownership
| General Information |
| Ownership Form |
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| History |
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| Business Hours |
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| Reason for Sale |
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| Financial Summary |
Period:
2008 est to
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| Sales |
$2,801,000
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| Cost of Goods Sold |
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| Gross Profit |
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| Operating Expenses |
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| Net Pre-Tax |
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| Recast Adjustments |
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| Adjusted Cash Flow |
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| EBITDA |
$890,000 |
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DISCLOSURE
The information provided on this sheet is a copy of information furnished by the Seller, as evidenced by a Broker Agreement and is available upon request. Broker makes no representation as to the accuracy or reliability of said information. This information is subject to change at any time without notice. Purchasers are advised that Broker is the fiduciary agent of Seller and does not represent Purchaser in the sale of this business.
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