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Manufacturing and assembly of tanks
utilized in the oilfield drilling
and service businesses, including,
Frac Tanks, Half Tanks, Test Tanks,
Storage Tanks, Water Tanks, Fuel Tanks,
and Mud Pits, The Company is located
in West Texas. The owners have retained
us to locate prospective buyers, either
strategic buyers or private equity,
for purposes of acquisition in an
asset sale. The owners would prefer
a buyout. The Owners are investors
and the Company is operated by its
employees. The Company has 45 employees
and adjusted trailing twelve months
EBITDA of $1,093,000 as of 12/31/07
on Revenues of $4,145,000. As of September
15, 2008 year to date sales were $4,597,000
and partial year EBITDA was $767,000.
The Company projects calendar year
2008 sales of $7,000,000 and calendar
trailing twelve month EBITDA of $1,500,000
for 2008.
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