Business Summary:
This four year old Oilfield Supply company is a supplier of components and equipment used to build, remediate, and upgrade oil and natural gas infrastructure including wells and pipelines. Operating out of one Kansas location, this company supplies equipment and parts required to build and maintain oil and natural gas wells. This includes pipes, casings, tubing, rods, pumping units, fittings, valves, poly goods (tanks/pipes), customized/refurbished pumping systems, pumping components, and other miscellaneous parts. The customer base is mostly Crude producers in the region, and the minority are Natural Gas producers. The best selling product are \"pump parts\". As for growth avenues, management has suggested Inventory be increased, adding a sales staff to call on accounts, better advertising/marketing and expanding the geographic reach as just a few ways to grow the company. The owner of the company has multiple other businesses and feels divesting of this entity is the right time.
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