The offering includes two entities that include an overseas, precision engineering & manufacturer of oil & gas flowline equipment and a warehousing and distribution subsidiary for U.S. sales of the produced oilfield products.
Key Aspects:
· Established manufacturing presence in India as well as warehousing and marketing in the United States
· International customer base that includes major global oil & gas companies
· Combined revenue growth from 2020 to 2022
· Impressive overseas manufacturing capabilities, utilizing the latest CNC machines, in-house forging & heat treatment facilities, and specialized coating
· Contract with major oil company through 2025
· Revenue & expenses are subject to intercompany transfers that are not identified
Opportunities:
· Expand into the manufacture, warehousing, and marketing of automotive and allied parts
· Extend geographic presence into South America & India
· Increase the number of long-term contracts signed with large oil companies
· Grow marketing capabilities to improve brand recognition
Headquartered:
· India & Texas
Current Markets:
· The company serves international oil & gas customers with onshore rigs primarily in North America and the Middle East.
Real Estate:
· The company operates from a 116,250 square-foot manufacturing facility in India, which is leased from an affiliated
party.
· The company also operates from a 14,000 square-foot warehouse in Texas, which is leased from an unrelated third party. The Indian facility is expected to be leased to new ownership post sale.
Shareholder Objectives:
· Ownership is seeking an eventual full exit from the company following a negotiable transition period. Ownership is open to various deal structures to facilitate a transaction.
