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This offering is a collection of four entities, three of which conduct distribution operations. The companies are distributors of pipe valves and fittings, building materials, above ground storage tanks, metal products, engine and compressor parts and safety supplies to the oil and gas market. All three are considered the region´s leading supplier of pipes, valves and fittings.
· Exceptional revenue growth (2015 - 2018 CAGR of 57.3%)
· Revenue breaking year in 2018 with total sales at $16.4M
· Excellent industry reputation for quick turnaround times, high customer satisfaction and exceptional service quality
· Well established and loyal customer base
· 90% of the companies´ revenue coming from recurring orders from MSAs
· Three strategic distribution locations to serve major oil and gas plays
· Increase inventory capacity for the oil and gas industry in Oklahoma through the purchase of a larger warehouse
· Opportunity to continue increasing operational efficiencies and financial performance through the addition of sales methods such as online sales and digital marketing
· Streamline internal processes by adding more highly trained and skilled professionals to accommodate expansion
· Increase business development efforts through facilitation of more calls and face-to-face meetings with potential new customers
· The company´s target market includes the upstream and midstream oil and gas industry players in Arkansas, Oklahoma, Texas and Louisiana. The company is currently looking to expand operations to other targeted markets.
· The companies own the Arkansas facility and lease both Oklahoma facilities from a related party. Per management, there is room for expansion and higher operational efficiency with minimum investment.
· Two of the owners are willing to remain with the companies post-sale for 3-5 years to facilitate a smooth transition and continue growing the business.
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