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Specialty Oilfield Chemical Fluid Loss Control Products Manufacturer

Houston, TX (Harris County) (Relocatable)

Completing a Gusher
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Asking Price: $2,500,000

Cash Flow: $656,000

Gross Revenue: $2,600,000

EBITDA: $656,000

FF&E: $398,787

Inventory: $393,241

Real Estate: N/A

Established: 1994

Specialty Oilfield Chemical Fluid Loss Control Products Manufacturer

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Business Description

Specialty Oilfield Chemical Fluid Loss Control Products Manufacturer

Niche manufacturer of proprietary FLUID LOSS CONTROL products/Systems and other upstream chemicals to M-I Swaco, Halliburton Energy Services, Baker Hughes, Tetra Technologies etc. in the Drilling & Completions segment of the Pumping Service Energy Sector.

Detailed Information

Location:
Houston, TX
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Business will have to be relocated.
Competition:
Has unique FLUID LOSS technology used by Halliburton, Schlumberger, Baker Hughes
Growth & Expansion:
Company has presence in Gulf of Mexico (GOM) ...Deep Water/High Pressure areas. The growth will come from more market penetration in GOM & similar Deep Water/High Pressure area e.g. offshore Guyana & Southeast Asia
Financing:
Real Estate is NOT included in Asking Price.
Support & Training:
CEO owns 80% and will negotiate a transition period. The COO owns 20% and will be essential to ongoing enterprise ...thus will stay with business.
Reason for Selling:
Owner reaching retirement age..
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(from currently available funds)
 
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James D. (Jim) Orum

Business Listed By:
jim orum

The Lone Star Consultancy

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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