Established Manufacturer in business for more than 30 years, serving general industrial markets and oil and gas production facilities worldwide. Very loyal clients and low attrition. Consistent growth in the last few years with 2023 on track to continue that trend.
Two related Subchapter S companies manufacture technically similar products but serve distinctly different markets. One operates in a new 18,000-square-foot factory and manufactures systems for boosting the pressure of shop air and other gases. Its products are used in global markets and meet many international codes and standards.
The second company operates in a 22,000-square-foot factory and manufactures air-driven and electrically driven dry gas seal boosters for turbo compressors in natural gas pipelines, oil and gas production facilities, refineries, gas liquefaction plants, and chemical plants.
Revenue and cash flow are based on 2023 extrapolated order rates.
The seller is retiring and will stay on for a reasonable amount of time to allow for a smooth transition. The existing 16 employees will continue in their roles, ensuring operational continuity.
Reason For Sale:Retirement
Training & Support:The seller is retiring and will stay on for a reasonable amount of time to allow for a smooth transition. The existing 16 employees will continue in their roles, ensuring operational continuity.
Facilities Information:A new 18,000-square-foot factory plus a 22,000-square-foot factory.
Competition:Very little competition since this business provides niche services to longtime customers.
Potential Growth:Hydraulically driven gas pressure boosters and electrically driven dry gas seal boosters are new products introduced in the last two years and just starting to penetrate the markets.