VEN4084

Oil and Gas Equipment Rental Company

Southwest US
 

A well testing and flowback equipment rental company, specializing in providing sand management equipment. Serves companies operating in oil and gas.

Key Aspects:

  • Strong customer relationships which result in nearly 100% repeat customers.
  • Total revenue for 2018 substantially higher than the previous year's numbers and is projected to continue increasing in 2019, per management.
  • High net profit margins based on strategic management of expenses.
  • Brand new, low maintenance equipment, translating in low overall repair costs.
  • Strategically located near basins experiencing large growth in oil and gas production.

    Opportunities:

    • Opportunity to greatly increase revenue with addition of a dedicated sales staff.
    • A capital investment would allow the business to purchase a wider variety of equipment to increase rental offerings.
    • Further expansion into sectors of Oil and Gas that are experiencing massive growth.
       
       
       
      Year end 12/31/2019 12/31/2018 12/31/2017
      Internal Projections Internal Internal
      $'000 $'000 $'000
      Revenue 5,100 3,906 2,367
      Adj. EBITDA* - 3,028 1,864

      *Earnings before interest, tax, depreciation, and amortization (non-cash items)
       
      Bids Invited