Permian Basin Oilfield Services: Fishing & Rental Tools Business for Sale

This acquisition opportunity presents a well-established oilfield services company specializing in fishing services and rental tools, strategically located in the Permian Basin. The company serves top-tier, blue-chip operators, boasting a comprehensive fleet of over 40 service vehicles and a wide array of specialized equipment including fishing tools, pumps, power swivels, and blowout preventers. In 2022, the company achieved a TTM revenue of $22.2 million with an Adjusted EBITDA of $10.5 million, reflecting a strong EBITDA margin of 47.1%. The business model is highly scalable, with significant potential for expansion within its current geographic region and into other key shale plays such as the Haynesville Shale, STACK/SCOOP of Oklahoma, and the Eagle Ford Shale. Further growth can be achieved by adding complementary services and well servicing business lines. The company has a solid reputation for quality service and benefits from repeat clients and a strong management team with extensive experience in the energy sector. A large equipment purchase in January 2023 was made to meet growing demand, and the company operates in a debt-free environment with projected earnings growth for 2023 due to increasing day rates and client retention. The industry outlook is positive, with forecasts predicting a strong recovery over the next five to seven years, positioning this company well for future demand in P&A, remedial, completion, and production work.