The company is a fabrication and machining service provider that specializes in exotic material fabrication for gasification, petrochemical, power, refining, and upstream oil & gas businesses in the Southern United States. This includes engineering, machining, fabrication, and project management.
Key Aspects:
· 50+ years of industry experience
· Veteran and woman owned business enterprise, though no contracts rely on this designation
· 30,000 square feet of fabrication space
· Code welding shop, ASME U and NBIC R stamp certified
Opportunities:
· Expansion with key a gasification client into R&D for oil & gas
· Expansion into process piping
· Increase exports overseas to capture larger international market share
· New ventures with EPC contracts
· Room to expand in current facility
Headquartered:
· Louisiana, USA
Current Markets:
· The company serves gasification, petrochemical, power, refining, and upstream oil and gas industries in the Southern US.
Real Estate:
· The business operates from a single 30,000-square-foot facility consisting of 15,000 square feet of machine and office space and 15,000 square feet of workshop space. The facility is held by a related third-party and can be made available as part of the sale. There is room to grow in the current location, which is 70% occupied.
Shareholder Objectives:
· Ownership is approaching retirement age and seeks a more balanced lifestyle and eventual full exit from the business. Ownership is open to a variety of deal structures as well as a reasonable transition time to new ownership.
