RET1066

Provider of Chemical Corrosion Inhibitors for the Oil and Gas Industry

Southwest US
 

Texas-based company that provides chemical corrosion inhibitors for the midstream oil market. The company blends many types of chemicals and pumps them into the pipelines, oil tanks, and gas wells to prevent corrosion.

Key Aspects:

  • In business for over 20 years
  • Great Reputation and known for service
  • 100% recurring revenue- weekly maintenance and chemical refills
  • 100% customer retention with major oil customers
  • Located in Permian Basin near major oil companies

    Opportunities:

    • Permian basin oil supply boom
    • Increase sales and marketing
    • Provide service to industrial manufacturing companies
    • Increase focus on other oil rich cities and states
    • Open more chemical supply facilities
       
       
       
      Year:

      2014

      Tax Rtns

      $'000

      2015

      Tax Rtns

      $'000

      2016

      Tax Rtns

      $'000

      2017

      $'000

      Turnover8,8008,2586,5971,787
      Gross Profit:5,5085,2934,4121,255
      Adj. EBITDA *3,5673,0282,491651
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited