DESCRIPTION:
The offering includes two Texas-based businesses, one of which is an essential oilfield trucking company providing water transportation and disposal services to drilling rigs and other oilfield-related structures. The second business serves as a fresh and brine water provider to related trucking company.
KEY ASPECTS:
• Operating for over seven decades with a venerable reputation in its community
• Considerable investments in mineral working and royalty interests in several states
• Company remains essential regardless of external threats to the oil and gas industry, including the ongoing pandemic
• Trusted and longstanding relationships with industry leaders
OPPORTUNITIES:
• Expansion of geographic market in order to capture more market share
• Invest in hiring additional, highly qualified CDL drivers to fortify general operations
• Creation of an online platform to further market the business and reach a new customer base
MARKET CURRENTLY SERVED:
• The business serves the upstream oil and gas industry, primarily oil and gas production companies with operations in West Texas.
HEADQUARTERED:
• Andrews, Texas
• Permian Basin of West Texas
REAL ESTATE:
• The business operates from two facility locations, which include a brine water station and a freshwater station. The real estate in total is expected to be a part of the sale or available for lease to new ownership.
SHAREHOLDER OBJECTIVES:
• Ownership is seeking a strategic acquirer to grow the business to its full potential and is open to various deal structures in order to facilitate a transaction.
