Listing Number: 76931-965793
Description
This outstanding acquisition opportunity is for a leading provider of support services for scheduled industrial facility shutdowns. Established nine years ago by its current owners, the business has expanded its clientele to include some major oil and gas companies and has completed projects in over 10 states. While the company initially specialized in strategic shutdowns and restarts, the company now offers long-term maintenance assistance and support for capital projects in addition to its turnaround services.
Committed to reducing craft time delays and improving safety performance for its customers, the company has distinguished itself by thoroughly cross-training and certifying its employees. With approximately $13.5M in revenue in 2023 and 22 employees, the business is now seeking new ownership to lead further growth. The current owner handles customer relations and employee events and is open to retaining a role with the business.
Listing Details
- Price: $6,350,000
- Down Payment: $5,072,000
- Sellers Discretionary Earnings: $1,590,018
- Total Sales: $13,523,765
- Location: Harris County, Texas
- Inventory: $0
- FF&E: $0
- Employees: 22
- Year Established: 2014
- Reason for Selling: Seeking Equity Partner to Further Grow the Business
- Category: Business Services
