This well-known 43 year old oilfield services company has established itself in the industry with high quality service and top-of-the-line product rentals. Company performs hydrostatic testing, pipe bolstering, drill pipe cleaning and pipe rental, as well as substantial sales and inventory in thread protectors. Company has top-notch equipment valued at approximately $400,000.
Business is located in South Louisiana and does some work in the Haynesville Shale trend of Northwest Louisiana. Business has a good reputation and a large and loyal customer base.
Seller wants to retire. Business would make a great addition for a company already operating in this industry or can stand alone for an entrepreneur. Seller had an excellent manager who was highly trained in every part of this business, and ran it while seller traveled on extensive hunting trips all over North America and Canada. When business slowed down, seller had to step back in and take care of business personally. That manager is willing to come back if new owner desires. Owner will consider some seller financing for a qualified buyer with a reasonable down payment. Seller is open to substantive offers and will seriously consider and promptly respond to all reasonable offers.