Engineering/Design Services
Location: California
Industry: Professional Services > Consulting
Financials
Gross Revenue: $7,200,000
Cash Flow: $1,600,000
Business Summary
The current owners, who hold the CEO and CFO positions, have owned all or part of The Company for the last 22 years. The Company provides engineering and design services, project management, mapping, right-of-way procurement, and other support services. The Company's professionals have been serving the oil and gas industry since the 1970s. The Company is located in California. Over eighty-five percent of the Company's business is generated from long term client relationships. The Company has just under fifty project managers, mechanical engineers, electrical engineers, civil engineers, pipers, mapping personnel and affiliated support staff. Most key managers have over fifteen years of tenure. Currently, The Company has enough work to keep them very busy. Several major clients are clamoring for all their resources.The Company actively manages their client concentration to limit the possibility that an unforeseen event at any one client could adversely affect Company results.

The Industry is healthy and expansive due to government regulations and additional capacity requirements. The dynamics (crude oil costs and alternative fuel development) seem to favor years of continued growth and profitability.
About the Business
Market Outlook and Competition: The industry is tiered with very large international corporations like Bechtel and Parsons at the top. This Company is a regional niche player. They have a few regional competitors that provide competing services.

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BizQuest ID:923791
Business Listed By
Name:Larry Willis
Company:The Independence Group
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