Issue link: http://deals.uberflip.com/i/1312534
Headquartered in Texas - 21 Employees Independent Drilling Contractor Geotechnical, Environmental, Forensic, & Offshore Cory Strickland , Senior M&A Advisor Tel: (469) 498-2584 Fax: (972) 392-8564 Email: cstrickland@genera onal.com www.Genera onal.com I www.DealForce.com 2020 Est. Revenue $2,100,000 I 2020 Est. Adj. EBITDA $450,000 Highlighted Investment Considera ons • Strong Revenue Growth: The Company grew revenue during the historical period, represen ng a growth rate of 29.7%. There exist several opportuni es for the Company to significantly increase reve- nue and profit, including leveraging the Company's proven reputa on to pursue and penetrate new and exis ng markets. Specifically, the Company could use its current reputa on to expand geographically. • Rising Gross Profit Trend: Gross profit increased from 87.7% in 2017 to 90.9% in 2019. • Management Will Remain through Transi on: Ownership is interested and willing to remain with the Company a er a transac on to facilitate an orderly transi on to new ownership and, as appropriate, assist in achieving long-term strategic growth objec ves. • Strong Client Rela onships: The Company has built an extensive customer list and good industry rela onships since its incep on. The customer base is loyal, which allows the Company to save marke ng costs that compe tors must foot, both in acquiring new customers and in obtaining repeat business from exis ng customers. For more information, please sign the Confidentiality Agreement DISCLAIMER: All informa on contained in this document has been provided by the subject company to Genera onal Equity and while believed to be correct has not been verified. Accordingly, Genera onal Equity makes no representa ons or warran es as to accuracy and truthfulness of such informa on. The recipient hereof acknowledges that Genera onal Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Genera- onal Equity of this document. At all mes Genera onal Equity and its affiliate network members is an agent for the seller and not for the buyer. Genera onal Equity's fees are paid by the seller. The Company provides a variety of geotechnical (75% of 2019 revenue), offshore (20%), and environmental (5%) drilling services. The Company has experience comple ng a variety of drilling work for projects including roads, bridges, residen al and commercial buildings, schools, airports, tunnels, and dams, among others. The Company primarily serves engineering firms (90%) and private sector (10%) companies in Texas, Oklahoma, and Louisiana. The team consists of experienced drillers, technicians, mechanics, geologist, and administra ve staff. The Company has an in-house mechanic shop, managed by a mechanic specialist. Client #63050