Overseas Precision Producer & U.S. Distributor of Oil & Gas Products
Business Description
The offering includes two entities that include an overseas, precision engineering & manufacturer of oil & gas flowline equipment and a warehousing and distribution subsidiary for U.S. sales of the produced oilfield products.
Key Aspects:
· Established manufacturing presence in India as well as warehousing and marketing in the United States
· International customer base that includes major global oil & gas companies
· Combined revenue growth from 2020 to 2022
· Impressive overseas manufacturing capabilities, utilizing the latest CNC machines, in-house forging & heat treatment facilities, and specialized coating
· Contract with major oil company through 2025
· Revenue & expenses are subject to intercompany transfers not identified
Opportunities:
· Expand into the manufacture, warehousing, and marketing of automotive and allied parts
· Extend geographic presence into South America & India
· Increase the number of long-term contracts signed with large oil companies
· Grow marketing capabilities to improve brand recognition
Headquartered:
· India & Texas
Current Markets:
· The company serves international oil & gas customers with onshore rigs primarily in North America and the Middle East.
Real Estate:
· The company operates from a 116,250 square-foot manufacturing facility in India, which is leased from an affiliated
party.
· The company also operates from a 14,000 square-foot warehouse in Texas, which is leased from an unrelated third party. The Indian facility is expected to be leased to new ownership post sale.
Shareholder Objectives:
· Ownership is seeking an eventual full exit from the company following a negotiable transition period. Ownership is open to various deal structures to facilitate a transaction.
Key Aspects:
· Established manufacturing presence in India as well as warehousing and marketing in the United States
· International customer base that includes major global oil & gas companies
· Combined revenue growth from 2020 to 2022
· Impressive overseas manufacturing capabilities, utilizing the latest CNC machines, in-house forging & heat treatment facilities, and specialized coating
· Contract with major oil company through 2025
· Revenue & expenses are subject to intercompany transfers not identified
Opportunities:
· Expand into the manufacture, warehousing, and marketing of automotive and allied parts
· Extend geographic presence into South America & India
· Increase the number of long-term contracts signed with large oil companies
· Grow marketing capabilities to improve brand recognition
Headquartered:
· India & Texas
Current Markets:
· The company serves international oil & gas customers with onshore rigs primarily in North America and the Middle East.
Real Estate:
· The company operates from a 116,250 square-foot manufacturing facility in India, which is leased from an affiliated
party.
· The company also operates from a 14,000 square-foot warehouse in Texas, which is leased from an unrelated third party. The Indian facility is expected to be leased to new ownership post sale.
Shareholder Objectives:
· Ownership is seeking an eventual full exit from the company following a negotiable transition period. Ownership is open to various deal structures to facilitate a transaction.
About the Business
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
Listing Info
- ID
- 2147088
- Listing Views
- 1404
Listing ID: 2147088 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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