SOLD: 30-Year Established Industrial Equipment Sales & Service

  • Sold

About The Opportunity

  • Business is distributor and servicer of specialized air & gas compressor systems.
  • Majority of revenue is from service to compressed air and gas systems for major and independent oil companies.
  • In business with same owners for over 30 years.
  • Ideal buyer for this business is a company already involved in the oil field support trades

Other Important Information

Noteworthy Transaction Points

  • Transaction closed in 6 months.  Went on the market in January and closed in July of 2019.
  • Sold for 2x last full year’s SDE.
  • Acquired by a strategic buyer looking to grow customer base and service offerings.
  • Sellers received an excellent employee package post-close.

 

Volume of Buyer Interest

  • Business was marketed to over 1,700 potential buyers.
  • Received three LOIs and ultimately settled on the best acquisition match for the Sellers.

 

 

Be The First To Know

Tell us the kind of business you are looking to buy and we will keep you up to date on opportunities.