Manufacturing Drill Bits

Location: Canada -> Alberta -> Calgary
Industry: Manufacturing > Metals Manufacturing

This Business is a manufacturer & supplier of world class Poly Diamond Crystalline (PDC) drill bits as well as a supplier & remanufactures of high quality tricone drill bits. Their fully equipped facility is located in Calgary, Alberta, Canada. From their head office, as well as field stock points, they are able to service the entire western sedimentary basin. This business has developed a reputation for first class products. The designs are backed by some of the most knowledgeable and experienced people in the industry today, as well as, proprietary PDC drill bit design software which enables them to continually progress towards their primary objective: to develop innovative, cost effective solutions for the most performance driven drilling tools in the industry. They are currently drilling oil and gas wells in Alberta, British Columbia, Saskatchewan, United States, Albania, and Australia with record breaking speeds and higher durability which, in return, reduces the customer’s overall well cost. They have completed projects in Nigeria, Kazakhstan, and Indonesia. From surface hole to total depth, they can meet all of their clients drill bit requirements by offering multiple styles of bits ranging in sizes from 3 7/8” up to 17 1/2”. The sky is the limit for an ambitious new owner!

Financials

Asking Price Range: $2.5M – $5.0M
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: EBITDA
Seller Financing: No

About The Business

Year Established: 2001
Number of Employees: 6 – 9
Relocatable: Not Disclosed
Franchise: No
Current Real Estate: Leased
Property: Property For Lease

About The Sale

Management Training and Support: Owners are willing to remain for a negotiable period of time in order to facilitate a smooth transition.