Overview: Project Patch (or the Company) is based in the Heartland and is involved in the distribution/sales of oilfield, plumbing and industrial components, with a core focus on pipe, OCTG, valves, fittings, pump parts, and related maintenance products. The Company also offers in-house pump rebuilding, welding, and CNC machining services, which are one of its most unique and value-added capabilities. Most supply store operations do not have machining and cutting capabilities. While revenue is primarily generated from oil and gas operators and service companies, the Company also serves municipal, agricultural, and light industrial markets, creating a diversified and maintenance-driven customer base. Sales are heavily repeat-based, with product and service mix varying by season and location. Plumbing components are new in 2025.

Business Highlights:
• Competitive Advantages: Project Patch is the only supply house in its region combining a deep inventory with in-house pump rebuilding and CNC machining, allowing for rapid, custom part turnaround that minimizes customer downtime. Its broad product offering also supports cross-selling into agriculture, municipal, and industrial markets, providing stability and growth beyond traditional oil and gas activity.
• Customers/Market Channels: Customer base is primarily composed of independent E&P operators and service companies across its region, with additional sales to municipalities, utilities, and industrial buyers. The company now stocks Plumbing supplies to enter the Plumbing market. No single customer dominates revenue. The company’s diverse product mix also enables meaningful cross-over into agricultural and light industrial markets, creating multiple stable channels.
• Management/Employees: Operates with a lean team of 13 full time and 3 part time employees, including a General Manager in place ownership believes will be a great leader for new ownership.
• Growth Opportunities: Significant runway to expand geographically into underserved markets across western Kansas, Oklahoma and NW Arkansas. Opportunity to grow share of wallet with customers by enhancing outbound sales efforts and further leveraging the in-house CNC equipment. Current infrastructure and delivery capacity could support a substantial increase in volume without major investment. Management entered the Plumbing supply market in 2024, and revenue has started in 2025.
• Financial: The company carries no long-term debt and minimal operating debt and has a decades-long operating history, reflecting stability and strong management. In recent years, key equipment and infrastructure investments have been made, particularly in fabrication and rebuilding capabilities. While 2024 and 2025 are slower years across both energy and industrial markets, things are in motion to rebound in 2nd half of 2025 more so into 2026. The business benefits from diversification across multiple end markets, with a significant portion of revenue driven by repeat sales and recurring service. Management is in active discussions to acquire a $2m Revenue supply store that likely will close in 2025.