High Pressure Equipment Fabricator

High Pressure Equipment Fabricator

Equipment Fabrication & Maintenance

REF# 3142



Detailed Information

Years 2021 Annualized 2020 2019
Gross Revenues toottip $10,857,349 $9,063,146 $10,236,269
CASH FLOW EBITDA toottip $3,715,262 $419,256 $1,059,450
Years 2021 Annualized 2020 2019
Gross Revenues $10,857,349 $9,063,146 $10,236,269
CASH FLOW EBITDA $3,715,262 $419,256 $1,059,450
Inventory toottip Included $254,185
FF&E toottip Included $5,294,425
Real Estate toottip Not Included $1,500,000
Building Size SF 25,000 Sq. Ft.
Established 1991
Inventory toottip
$254,185 (Included)
FF&E toottip
$5,294,425 (Included)
Real Estate toottip
$1,500,000 (Not Included)
Building Size SF
25,000 Sq. Ft.
Real estate includes 2.5 acres and three buildings totaling approximately 25,000 SF (+/-).  Largest of the properties is approximately 19,350 SF (+/-) with the remaining two properties about equal size.  Cost of the real estate is NOT included in the purchase price.  These three buildings contain manufacturing, maintenance, painting and testing operations.
Support Training
Seller is committed to a smooth transition of ownership, and will remain with the business as long as requested, within reason.  Current staff is competent to continue operations with little or no disruption.
Reason for Selling
Owner retirement
Real estate is not included in price. Three buildings totaling 25,000 (+/-) SF

Business Description

    The Company had its genesis 30 years ago primarily providing fabrication and maintenance services to the oil and gas industry.  Since that time, it has grown into manufacturing, maintaining and testing cargo tanks and cargo tank vehicles, including such things as kill trucks, hot oil units, liquid haulers and more recently hydro-vac units.  It is a certified DOT repair, maintenance and testing facility and holds ASME Boiler and Pressure Codes U and H.  As a result of an agreement with the hydro-vac division of a large international corporation it established a joint sales and service facility that has extended to other hydro-vac companies.  This allows the Company to expand its industry affiliation into the utility sector, such as power, sewer, electrical, water, etc.  It has also received its Texas Leasing Agent Certification and is now renting hydro-vac equipment on a long-term basis and expects this segment of its business to expand significantly in 2021.

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      George Burrell

      George Burrell Kingsley Group

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