Listing Number: 76931-984067
The inventory and FF&E has to be purchased with the acquisition of the business for $3M. The inventory and FF&E comprise of rental/sales compressor fleet valued at $4M and machining equipment valued at $0.5M.
This is a 50-year, industry renowned, Breathing Air and Seismic Compressor Manufacturer and Packager. In its early years the company was only packager of compressor blocks purchased from major manufacturers. Currently, the company is in the business of manufacturing, selling, rebuilding, and renting compressors to the diving and the Oil & gas industries. Their unique designs feature light weight, small footprint, high pressure, high volume, and high efficiency compressors. The company’s compressor rental fleet comprising of nearly 20-unit fleet of different sizes which are maintained by giving each unit a complete inspection, testing, and service each time they are returned from a job. The fleet has fairly low operating hours, and since regular repairs and parts replacements are continuously being made they assure all prospective customers that they are getting a good and reliable product. The sale includes SCUBA tank filling, SCBA air refilling stations, emergency fill stations, seismic gun high pressure supply compressors, and High pressure gas mixture compressors. Plus, the following machine shop equipment: Lathes, Mills, Drills, Saws, Hones, Lapping machines & surface grinder, Welders & Plasma cutters, Fork lift trucks, Sanding Machines, Compressors, and more. These assets are valued at about $4.5M with some proprietary products and processes. Moreover, the company has an unexecuted agreement with an Asian manufacturer to produce their products in Asia and market them worldwide under the company’s name. The company will retain the exclusive marketing and distribution right for these products in the US.
The seller has agreed to train and pass on 50 years compressor experience at no cost to the buyer for one whole year.
In the last 10 years, sales peaked at $2.9M in 2012 and net operating income peaked at $306K in 2015.
- Price: $500,000
- Down Payment: TBD
- Sellers Discretionary Earnings: $119,000
- Total Sales: $833,000
- Location: Harris County, Texas
- Inventory: $4,000,000
- FF&E: $500,000
- Year Established: 1962
- Reason for Selling: Retirement
- Category: Manufacturing