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Western Canada
Manufacturing & Machining Services Company
Investment Level: Enterprise Value between 5 Million and 7 Million Canadian
Opportunity to acquire a long-standing oilfield tool & equipment manufacturing and refurbishing business with a strong hold on the western Canadian market.
BUSINESS HIGHLIGHTS
Project Restore specializes in Manufacturing & Refurbishing oilfield tools and equipment from tubing drains and no turn tools, to blow out preventers (BOPs), casing bowls and tubing rotators.
The Company was awarded the API Specification Q1 certification for Manufacturing Oilfield & Downhole Equipment and for providing Machining & Threading services for the Oil & Gas Industry, based on their quality management systems.
Headquartered in Western Canada, with growth opportunities to capitalize on an extensive, serviceable customer base across the country.
This business’s long standing history in the industry, patented products, and efficient processes produce an enhanced margin profile among its competitors and consistently strong revenues.
$9.4M in Revenue and $1.5M in Adjusted EBITDA in FY 2022
BUSINESS SALE OVERVIEW
• Management is seeking a strategic or financial buyer to acquire 100% of the shares or assets of the business while continuing to drive revenue and EBITDA growth with the potential for geographical expansion within its long-standing customer base.
• Existing ownership is seeking a full transition of the business, over a period of 2-3 years, and a buyer that will complement the growth of the business. A synergistic buyer is a partner who will continue to drive revenue growth through prudent marketing,industry expansion, and geographic expansion.
• Current management and staff are well experienced in the Oil & Gas Services industry and are seeking to remain with the company beyond the acquisition.
Interested parties complete a Buyer’s Profile & NDA prior to financial and confidential information being released. Thank you.
