Wednesday, 7 February 2018

INFRASTRUCTURE CONSTRUCTION & MAINTENANCE (Permian Basin North America)



Business Description: Operating successfully for over 45 years, this Company is a market leader in the provision of oilfield (66%) and commercial/civil (34%) earth moving based construction services, primarily focused on site development and roadway work for all kinds of industrial, oil well drilling & production, commercial and civil customers. The Company services West TX via two divisions from multiple locations: Civil Services & Oilfield Services. The Company’s civil division focuses on asphalt paving and repaving (roadways, parking lots, etc.), concrete services for new construction (sidewalks, etc.), pavement resurfacing & maintenance, and patching of all surfaces including streets, parking lots, sidewalks, curbing and related. The Company also provides complementary services to its core asphalt, concrete and earthmoving competencies such as roadway and parking lot striping, pavement marking/striping and miscellaneous signage, lighting and related.

Distribution: Multiple locations provide timely access to all parts of West Texas as well as equipment repair, maintenance and storage facilities, fuel tanks for in house equipment fueling, aggregate inventory and sales to third parties, and office facilities.

Operational Strengths: Company-owned quarries provide significant competitive advantage & a stronghold on its geographic market.  Consistent & balanced annual revenue is a function of multiple complimentary divisions and diverse industries served.  Enormous customer base (over 200 customers/year). $11mm in heavy construction equipment. MSAs in place. Numerous growth opportunities.

The Transaction: Sale of business.

Financial Summary (000s)

2018 Est by Seller
2017 Est by Seller
2016
Revenue
7.5 M
4.27 M
2.0 M
Adjusted EBITDA
5.06 M
2.85 M
1.17 M

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Permian Basin
Internal
Yes
45
1382, 1389,3533,1600,1700

Direct All Inquiries to:

Gottesman Company
Refer to:  S-2432-24 DBN
Tel: 212-330-8010     Fax: 646-434-4557

2/5/18