Wellhead Equipment Manufacturer
Formed in 1987, this business has two entities that are quality driven original equipment manufacturers of API 6A certified Wellhead and Christmas Tree equipment and has developed burner management systems used in both oil & gas applications. The two entities designs & manufacture Production Chokes, Automated Chokes, Choke Indicators, Top Connectors, Tees and Crosses, Adapters and Spacer Spools, Flange Connectors, End Connectors, Thread Connectors, Bull Plugs, Tubing Heads, Casing Heads, Ring Joint Gaskets, and Hangers for Tubing and Casings for the oil & gas industry. The company has a patent pending for a uniquely designed, low current / low torque automated choke for remotely controlling an entire field of onshore / offshore wellhead chokes. The company produces over 800 varieties of choke indicators using plastic and metal materials.
Equipment includes CNC lathes, CNC mills, manual lathes, manual mills, metal saws, air compressors, forklift, multiple hoists & cranes, marking machine, sand blaster, and dust collector.
Inventory on hand includes choke values, gate values, choke indicators, Christmas Tree components including top connectors, tees, crosses, adapters, spacer spools, flange connectors, end connectors, bell plugs, tubing heads, casing heads, and hangers for tubing and casings.
The price of $1,035,000 includes the business, equipment, and inventory. The real estate can be leased or purchased.
The companies operate from a 17,796 shop & office building on one acre of land. The real estate can be leased or purchased. There is an additional building on the property that is a 9-bay metal shop building on 39,640 sq. ft. of land. This building is currently vacant and could be included in a sale or lease. Both properties can be purchased for $3.2 million.
Listed By: Jeffrey Jones
Retirement & health issues.
There is current five employees, plus the owner & his wife.
See list in file
Valves, and wellhead equipment inventory on hand at cost are approximately $500,000. Indicators and related parts inventory are approximately $228,000 at cost.
The metal shop and office building is 17,796 sq. ft. with multiple bays.
17,796 Shop & Office Building
Rent and lease terms:
The real estate can be leased or purchased. The property can be leased at $9,787.80 sq. ft. P/M or purchased at $1.840 million.
Located near I-10 West and Beltway 8
Growth of the company tends to match what is going on within the oil and gas industry. The company has no salespeople other than the owner and his wife.
The company manufactures and ships their products worldwide, albeit 85% of the customer base is located in the Gulf Coast Area.
Price and terms
Equipment, inventory, and related real estate will provide significant collateral for financing. The seller will consider some seller financing.
The seller will provide training as needed.