Heavy Industrial Steel Fabrication & Rolling Shop in Louisiana

This is a well-established, 49-year-old heavy industrial steel fabrication and rolling shop, strategically located on the Gulf of Mexico in South Central US. Its prime location offers significant logistical advantages, including 3,000 ft of waterfront access and proximity to the Gulf, minimizing transportation costs for serving clients across the United States. The company specializes in providing innovative solutions for complex fabrication challenges, particularly in heavy wall pipe, offshore platforms, jackets, marine pressure vessels, and custom large-diameter tanks. It serves critical sectors such as oil and gas, renewable energy, and infrastructure. Operations are supported by extensive real estate, encompassing 57 acres with five buildings totaling 148,667 sq. ft. Key assets include three active rolling mills, a dedicated plate blending and assembly space, and three 20-ton overhead cranes, facilitating large-scale projects. The property also features ample space for material and project storage, as well as on-site parking. After navigating recent challenges related to supply chain issues and labor market fluctuations, the company is poised for a strong return to profitability in 2024. With a substantial bid pipeline of nearly $650 million and an anticipated award rate of 1.0% to 3.0%, the business projects new project values between $6.5M and $19.5M. Future projects will incorporate updated cost structures, with expected gross margins ranging from 10% to 30%. The experienced management team is willing to stay on post-acquisition, ensuring continuity. Seller financing is available, and the real estate is included in the sale.