Business Overview
About the Company
5-15 Year Customers, Seeking New Majority Owner
The Company is a mechanical services company that since 2017 provides installations, repairs, and maintenance for gas compression systems. Gas compression utilizes specialized machinery to increase the pressure of gases, facilitating their efficient transportation and storage. The operations are primarily in TX, NM and OK and can expand globally. Customers are oil and gas companies on the production side, not the drilling exploration side. Thus, oil and gas prices are not correlated because the equipment is already on the ground and the Company services the equipment on each site for an average span of 5-15 years.
The TTM revenue is projected to be $8.1M at the time of closing (June 2024). The SDE was derived from the actual SDE from July to December 2023 and the projected SDE for January to June 2024.
