Return To Opportunities List

Opportunities

Niche Rental Fleet of Directional Drills – Growth with Infrastructure Bill

Sold

Loan over collateralized plus seller will carry 20%!

CASH FLOW
$2,075,675

Specifications

  • Price
    $9,975,000

  • Equipment
    $7,675,297

  • Revenue
    $17,432,571

  • Cash Flow
    $2,075,675

  • Employees
    6: 1 COO/Sales manager, 1 Project and Operations Manager, 1 Accounting and Sales Representative, 1 Office Admin, 1 Lead Mechanic and Technician, and 1 Yard Manager and Technician Consultant.

  • Service Area
    Southwestern United States

  • Account Receivable
    $1,509,454

  • Location
    Phoenix, AZ & Salt Lake City, UT

  • Reason for Sale
    After 15 years, the owner is ready to move on.

With a location in Phoenix, Arizona and in Salt Lake City, Utah, they are able to rent to Prime Contractors, foundation companies, and infrastructure GC’s throughout the Southwest. Over $4M in backlog and $3.6M in their sales pipeline, this Industrial drilling equipment business is on track to have an amazing 2023. They have a client base made up of 75% repeat customers: This is primarily due to clients renting equipment, and then realizing they need to continue renting the unit for increased job performance or purchase it outright. Established over 15 years ago, this wellknown business offers a solid reputation with only two competitors. With nearly $8 Million in assets the buyers’ loan is 100% Collateralized! With the thought of a “recession” looming, this company will be growing, as the newly passed Infrastructure Bill will directly impact this company’s revenue and shield them from economic downfall. The team consists of industry experts including the COO/Sales manager, a Project and Operations Manager, Accounting and Sales Representative, Office Administrator, a Lead Mechanic plus his Technician, a Yard Manager and Technician Consultant. The current owner only spends 15 hours a week in the business with the role of general oversite and is offering up to a 2-year transition period.

Priced at $9,975,000 this business is ready for new ownership to step in and enjoy continued growth. The current owner believes in the business’s onward & upward revenues and, as a show of this faith and to mitigate the risk for future ownership, the seller has offered to carry a 20% Seller note and/or Equity Roll. Opportunities for growth include expanding into the Mining Sector, Electrical Sector, International Market, Casing Manufacturing and Distributorships for other product lines. They could easily add 3-5 new product lines in a short amount of time. The newly signed Infrastructure bill will allow organic growth making this opportunity recession-proof.

Return To Opportunities List

Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

Thinking of Selling?
When selecting an M&A firm, please use the following Scorecard: click here for our M&A Scorecard

The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.