Wholesale Oilfield Distributor For Sale

Description

Oilfield supply distribution business for sale in West Texas.

The company has been operating since 2001 and serves customers in Texas, Oklahoma and New Mexico.

Products include oilfield netting, packing, rings, seals and related supplies.

The sale includes more than $4M in inventory and more than $2M in accounts receivable.

The business operates from a 28,000 sq. ft. warehouse on approximately three acres.

The team includes a COO, general manager, two salespeople and three commission-only independent sales representatives.

The COO and general manager are expected to remain after the sale.

The seller reports steady repeat orders from long-term customers.

Business asking price is $18.5M.

The real estate is offered separately for $2.9M.

The property may also be leased for $12,000 per month plus taxes and insurance.

The transaction is structured as a cash-free asset sale with no earnouts or holdbacks.

The owner is retiring.

Proof of funds is required. Principals only.

Additional information is available by email after an NDA and financial statement are completed.