S-1870-DGR Petrochemical & Marine Corrosion Engineering Co. (US)

Business Description:

Industrial and commercial engineering firm involved in the design, construction, testing , inspection, reporting, surveying, monitoring and repair of equipment, infrastructure and other material assets.

Professional Services:

Core capabilities include infrastructure design, project management, repair, corrosion engineering, cathode protection design, electrical and mechanical engineering, storage tank inspection and repair, integrity testing and regulatory management and coatings engineering.  All work done according to API, STI and NACE industry standards.

Operational Strengths:

Clients include one of the largest marine transportation and logistics companies in the Western Hemisphere, the largest Alaskan pipeline, the U.S. Government and industrial contracts as far away as the Southern Hemisphere. Excellent reputation with clients in private and public sectors. The moving forward with a multi-discipline business model now includes electrical, mechanical, civil and materials engineering. Future work is already lined up in this coming year with state and local governments and private sector pipeline and marine companies. Won the 2019 NACE new device performance award for GPS synchronized Cathodic Protection. Licensing and production of this device is active.

Transaction:

Proven management and employees have excellent academic credentials and industry certifications and combine 180 years of professional experience. Looking for partner who can take this company to the next level. Despite the current global downturn, Midstream O&G is doing well in 2020. For example, the top 10 USA pipeline companies are spending $28Bn on new projects; KKR spent $9.4Bn on new pipelines in Canada and UAE; WPX Energy bought Flex Energy for $2.75Bn; China is building 7 LNG ports at home and have partnerships with other LNG projects in Africa and Canada.

                                                                                                                                                   

Financial Summaries
	2019	2018	2017
Gross Revenue	$2.546 M	$2.906M	$2.906M
Net Income	($73.758k)	$280k	$175.8k

Other Highlights
Location	Financials	Management Team in Place	Years in Business	SIC / NAIC
USA	Compiled	Yes	19	8711 / 541330

Direct All Inquiries to:

 Gottesman Company

Refer to:  S-1870-DGR

Tel: 718-618-5346      UK Office: +44 (0) 7906786505

E-mail: dmj@gottesman-company.com

S-2807-3 JWT Construction Management Company (Southwest US)

Business Description: The Company provides value added services and onsite employees in connection with duties including project oversight, contract administration, scheduling, and claim resolution for large construction projects.  Its reputation is excellent, and the Company has established industry relationships along with repeat customers.

Distribution:  The Company focuses on large local governmental agencies and serves as either as sub-consultant or prime consultant.  Many of the Company’s engagements are multi-year projects, some with options for extension.  There is an abundance of work anticipated for the foreseeable future from public agencies in the Company’s local market.

Operational Strengths:  Construction Management Contracts involving public agencies are awarded based on qualifications, not low bid.  The Company is very selective in its selection of competent employees - a key aspect to the Company’s success in obtaining recurring work with the region’s major public agencies.  The Company has established a solid and well respected presence in its local market which is a difficult market for other prospective competitors to enter.

The Transaction: The owners wish to retire and transition the business to a new owner that will continue to grow the Company.  The owners believe that the ideal acquirer is a large engineering or construction management firm that would like to gain a foot-hold and expand dominance in the Company’s local market.

Financial Summary
	2018 Est by Seller	2017	2016
Revenue	$2.75M	$2.6M	$1.3M
Adjusted EBITDA	$800K	$746k	$200K

Other Highlights
Location	Financials	Management Team in Place	Years in Business	SIC Classification
Southwest U.S.	Compiled	Yes	11	874104

 Direct all Inquiries to:

Gottesman Company

Refer to:  S-2807-3 JWT

Tel: 718-618-5346      UK Office: +44 (0) 7906786505

                                      E-mail: dmj@gottesman-company.com