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Oilfield Services
Location: United States -> North Dakota
Industry: Business Services > Other Services




Business Summary

D-1019 provides trucking services to support oilfield production in near major U.S. oil fields. They also provide support for well maintenance and general hauling services. The Company has long-standing relationships with major oil production companies as well as a Tier 1 Preference partner, allowing them to work on area Indian reservations.

D-1019's performance has fluctuated with oil markets. 2019 was highly successful since they were able to charge higher prices and achieve considerably higher margins. The Company has managed to remain profitable in 2020 and is seeing business pick up through the end of the year. They have recently expanded their trucking services and are seeing that segment begin to contribute more significantly to their bottom line.

The Company is still run by its founders, although the second generation takes the more active role in day-today operations. Asking price is $18 million.


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $23,726,000
Cash Flow:   $4,044,696
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2002
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  negotiable
Reason For Selling:  raise capital for growth




Print Listing Id: 700360133
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Also See: Franchise Opportunities > Franchise Resales > North Dakota Businesses For Sale > North Dakota Franchises For Sale > North Dakota Business Brokers



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