Business Overview
About the Company
With a location in Phoenix, Arizona and in Salt Lake City, Utah,
they are able to rent to Prime Contractors, foundation companies,
and infrastructure GC’s throughout the Southwest. Over $4M in
backlog and $3.6M in their sales pipeline, this Industrial drilling
equipment business is on track to have an amazing 2023. They
have a client base made up of 75% repeat customers: This is
primarily due to clients renting equipment, and then realizing they
need to continue renting the unit for increased job performance or
purchase it outright. Established over 15 years ago, this wellknown business offers a solid reputation with only two
competitors. With nearly $8 Million in assets the buyers’ loan is
100% Collateralized! With the thought of a “recession” looming,
this company will be growing, as the newly passed Infrastructure
Bill will directly impact this company’s revenue and shield them
from economic downfall. The team consists of industry experts
including the General Manager and Operations Manager,
Accounting and Sales Representative, Office Administrator, a
Lead Mechanic plus his Technician, a Yard Manager and
Technician Consultant. The current owner only spends 15 hours a
week in the business with the role of general oversite and is
offering up to a 2-year transition period.
Priced at $9,975,000 this business is ready for new ownership to
step in and enjoy continued growth. The current owner believes in
the business’s onward & upward revenues and, as a show of this
faith and to mitigate the risk for future ownership, the seller has
offered to carry a 20% Seller note and/or Equity Roll.
Opportunities for growth include expanding into the Mining Sector,
Electrical Sector, International Market, Casing Manufacturing and
Distributorships for other product lines. They could easily add 3-5
new product lines in a short amount of time. The newly signed
Infrastructure bill will allow organic growth making this opportunity
recession-proof.
