SOLD $400k: 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.

 

 

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