Business Profile:
This B2B company was incorporated in the late 1990’s and manufactures & installs essential products sold into the energy industry. The business is privately owned by two Founders. They employ over twenty-five people full-time and add temporary employees as demand dictates.
Competition:
The company is on-track to meet or exceed projected sales of $11,739,969 in 2023. With new demand on the horizon, the business is expected to prosper. There are 10 companies that compete with the Seller for business. Of those, only 4-5 are generally competitive and 2 are considered to be "main" competitors.
Financial History
Sales Adj. EBITDA
2023 - 11,316,269 934,097
2022 - 10,208,669 (22,136)
2021 - 8,001,386 175,848
Note: This business has rebuilt after
the 2020 Covid shutdown. Previous years sales were as follows:
2020 - 8,199,210
2019 - 16,101,814
2018 - 9,096,767
Key Considerations
· Management in place
· Key employees
· Industry certifications
· Approved Manufacturing Facility (UA)
· Land and buildings are included
· Hydrostatic Testing
· Established profitable business
· Continued strong performance
· Well-equipped business
· Poised for continued growth
· Essential industry
Growth & Expansion:
The energy industry in the USA is substantial and companies operating in this sector include major corporations, midstream companies, and smaller independent operators. The industry plays a crucial role in the country's infrastructure and contributes significantly to the economy. In addition to their normal book of business, there is growing demand emerging in the industry that will benefit this business as new sales opportunities come on-line.
Support & Training:
30 days with an option for a longer transition, depending on the need.
Reason for Selling:
Retirement
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