The Company is an industry-certified tubular leasing firm, specializing in the leasing of steel tubing, pipe, and handling tools to oil & gas companies that utilize their products to service and maintain oil wells.
Key Aspects:
• The company achieved a 48.5% compound annual growth rate (CAGR) in revenue from 2020 to 2023.
• The Company maintained an impressive adjusted EBITDA margin of 48.4% from 2020 to 2023.
• Well-established affiliations with oil & gas companies within the local region.
• Strong foothold in the oil & gas industry with a reputation for safe, effective, and reliable products.
Shareholder Objectives:
• The Company is fully owned by five shareholders, three of whom are approaching retirement and are seeking a full exit from the Company. The two operational owners would prefer to stay with the Company post-sale to assist in day-to-day
operations. Ownership is open to various deal structures to facilitate a transaction.
Current Markets:
• The Company’s primary client base includes oil & gas companies operating oil wells in the greater North Dakota region.
Real Estate:
• The Company operates from an approximate 1,200 sq. ft. shop space held by an unrelated third party.
Headquartered:
• North Dakota
