Opportunity to purchase a manufacturer of bentonite mud mixers and solidification equipment. Over 30 years Surface to Surface (STS)has developed an outstanding reputation for building innovative, and reliable equipment selling to multinational clients and regional/local contractors in the pipeline, telecommunications, other utilities, and mining sectors.
Founder and senior staff want to retire. This is an opportunity for an existing company to acquire STS and augment their existing product lines. Alternatively, an entrepreneur can purchase the company, bring added working capital, and reposition the company for growth. The company seeks $2,000,000 as a sale price.
The billion-dollar horizontal drill market has been forecasted to grow at a compound annual rate of 13% globally and 10.7 % in North America from 2022-2030 according to Grand View Research. Oil and gas extraction accounted for over 35% of global volume share in 2022. Significant growth is expected in the telecommunications sector as demand increases for 4G and 5G networks.
The 25th Annual Directional Survey, by Underground Infrastructure magazine, completed in June of 2023, indicated areas of strong growth. The US Government announced spending of $65 Billion in infrastructure funding for broadband and $73 Billion for electric and power infrastructure upgrading. This funding has created a strong demand for HDD drilling services.
