Asking Price Open Bid
Financial Information
Revenue: $3,553,416 Income: $870,979
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Well Established Oil & Gas Well Optimization & Service Provider using Specialized Equipment Outperform the Market in the US & Canada

Loyal & Skilled Workforce; Expansion Opportunities into the Eastern US Market; Revenues Exceeding $3.5MM for TTM

The Company is an oil and gas well optimization and service company based in Western Canada and has been in operation for over a decade, offering extensive mechanical slickline, wireline, swabbing and braided line fishing services. The Company serves Western Canada and has plans to expand in the Eastern US. In addition to its headquarters, the firm has strategically located facilities throughout the province, totaling 7,600 square feet.

Based on its extensive variety of equipment, added as market conditions demanded and unmatched by competitors, the Company is able to address a complete range of oil and gas well downhole maintenance and repair situations.

In a time when staffing is an issue for many companies, the Company has maintained its skilled workforce throughout varied market conditions, positioning the firm to handle a large influx of work. Key staff members have wireline experience dating back before the founding of the firm, including three managers with 15 years each.

Following a minor COVID-related dip in 2020, the Company’s Trailing Twelve Month (TTM) Revenue through October 2021 was $3.55 million, slightly higher than 2019’s $3.47 million figure.

The business is located within the patch of land that produces the overwhelming proportion (80%) of Canada’s oil. The Company is well prepared for current success and future growth across the US border.

This business is currently listed with an open bid.

Purchase Considerations

~$3.55 million Trailing Twelve Month (TTM) revenue as of October 2021
*For purposes of this memorandum, all values are in $CAD

~Located in Western Canada, the business is an oil and gas well optimization and service company.

~The Company has been in operation since 2008; its website has been live since that time.

~The Company has a loyal customer base and excellent market share.

~In addition to its headquarters, the business has two strategically-located facilities throughout the province, totaling 7,600 square feet.

~The Company’s independently-assessed fair market value for equipment is in excess of $3.7 million ($CAD)

~The Company utilizes high end equipment that utilizes cutting edge technology not used by most competitors. This equipment improves efficiency and quality of service.

~Seasonality: There is a “quiet” six-week period in spring while the ground firms up. (Note: this relates to northern climates.)

~The Company has three high-level managers with 15+ years of experience and key contacts.

The principal Steve Fisher of Raincatcher is a registered representative offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities.

Locations
stateLevel
Employees
17  
Years in Business
13
Asking Price
Open Bid
Terms

Negotiable

Ownership
1 @ 100% 
Facilities
Offices & Facilities in Alberta, CA
Reason For Sale
Ownership is interested in pursuing new venture interests after growing business beyond their expectation