Business Summary:
The Company is a full-service provider of cementing and acidizing products and services for the oil and gas exploration/production industry. Management’s strategy is to compete effectively by specializing in a particular service and geographic area. The Company’s specialized knowledge within the oil and gas industry allows the Company to offer each client a customized solution, depending on the individual need. In 2007, the sale of cementing materials accounted for 49% of sales, followed by cementing services (36%), acidizing materials (9%), acidizing services (4%), and casing and cementing plugs (2%).
- Overall sales have grown at a CAGR of 11.2% from 2005 – 2007
- Superior name and reputation – The Company enjoys a long-standing (50+ years) reputation for excellent capabilities and superior customer support.
- 75% repeat business generated from strong, stable customer base.
- Experienced management and staff available to remain with new ownership.
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