Environmental Clean-up & Waste Disposal With President In Alberta For Sale

This company currently has 250 clients, of which 50+ of those
are recurring with the typical client being a municipality or
utility company. This company handles all aspects of the
industrial clean up services and disposal & hauling of drilling
waste for oil field productions. The Leadership Team is in
place & consists of twenty-three employees. There are 5 in
Administration (Vice President of Operation, General
Manager of Fleet & Dispatch, Billing Manager, Safety Officer,
and Dispatch); 13 Operators, and 5 in the Shop. The uniquely
qualified team allows the owner to be able to live remote,
more than 2 hours away, and only does light oversight of the
business. Their equipment & vehicles have a value of over
$2.3MM and consists of combo vacs, tank trucks, straight
vacs, water trucks, mobile steamers, and maintenance units.
This variety of equipment also gives them the ability to
perform a mixture of maintenance, water delivery, vegetation
control, water truck services, & mobile steaming. The
business has a focus in Alberta with clients across Canada.
The company’s leased space consists of an 11-acre industrial
fully fenced yard site, a 750 sq. ft. office with 4 maintenance
bays, and a 5-bedroom crew house.
At the purchase price of $4,565,000 CAD, with a 20%
investment from the Buyer, the Seller will show a vested
interest in the business’s success by holding a note for 10%
and rolling equity of 10%, an earn out for 10% allowing the
bank to be at a 50% loan, making the business over 100%
collateralized.