Business Summary:
LISTING ID # 37462This highly profitable oilfield services and fabrication company, located in Ector County, Texas, has been successfully operating for 16 years in the Permian Basin. Known for its reliability and quality workmanship, the business has developed long-standing relationships with a consistent base of oilfield and industrial clients. The company specializes in rig repair, welding, structural fabrication, and inspection services, ensuring steady demand in this resilient and essential sector.Generating approximately $623K in annual revenue with strong margins, the business produces around $360K in Seller's Discretionary Earnings, presenting an excellent opportunity for either an owner-operator or a strategic buyer. Operations are supported by a well-equipped facility that boasts approximately 44,000 sq ft of shop space under roof, 3,600 sq ft of office space, and 4.5 acres of yard space for equipment and staging.The dedicated team consists of 4 full-time employees and 1 part-time employee, with the current owner actively involved in daily operations. A new owner could seamlessly step in and continue the operations immediately. Additional highlights include furniture, fixtures, and equipment valued at approximately $225,000, established processes, and a robust operational infrastructure.The business enjoys a strong reputation in a high-demand energy market, and the current lease is on a year-to-year basis, providing flexibility for a new owner to renegotiate or relocate if desired. The current owner is retiring, creating an opportunity to acquire this profitable, turnkey business with significant upside potential. Growth opportunities include expanding service crews, increasing inspection contracts, and targeting additional midstream and pipeline clients.This is an ideal acquisition for an experienced operator in oilfield services, a welding/fabrication company looking to expand into the Permian, or a strategic buyer seeking immediate cash flow and market presence. Serious inquiries only. NDA required for additional details.For more information, please contact broker Derek Jones at 682-294-1047.In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-37462 for instant access to this business information.
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