SOLD: 30-Year Established Industrial Equipment Sales & Service
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.
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