Wednesday 19 September 2018

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