Oilfield Supply Business
Off-MarketOdessa, TX
Oilfield Supply Business
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$33,000,000
$4,000,000
12.1%
2016
30+ Days
Customers
Major oil and gas companies including Energy Transfer, Absolute, Link Targa, IST, and Salisbury.
Customer Acquisition
Relationship building and outside sales.
Team
The company employs 21 people total, with the owner's son-in-law serving as sales manager overseeing outside sales. His daughter has developed significant expertise in selling oilfield parts and is another key employee. Both would be willing to stay after the sale.
Owner's Role
The owner is now semi-retired but remains as president, overseeing finances, payroll, and operations.
Reason for Selling
The owner has been considering selling the business for some time due to health issues and wants to fully retire.
Real Estate
Owns the property and all buildings, which include a warehouse, office buildings, and a separate pipe yard. The bank currently estimates the real estate value at approximately $2 million. The property includes office space, warehouse facilities, and yard space for inventory and equipment storage.
When Are You Looking to Sell
ASAP
Licenses Required
No
Additional Notes
The company sells valves, flanges, pipe fittings, underground FBE pipe, and various oilfield supplies. Products range from small items like rags and brake cleaner to large valves up to 30 inches in diameter. The company's competitive advantage is built on exceptional customer service and rapid delivery, often outperforming larger competitors despite slightly higher pricing. The business has grown from $18 million to $33 million in annual sales over the last three years.
Business ID: 1514
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