Industry-certified Steel Tube & Pipe Leasing Firm
North Dakota
Client Code: BN000057261
Revenue (TTM): $8,587,060
EBITDA (TTM): $3,651,008
The Company is an industry-certified tubular leasing firm, specializing in the leasing of steel tubing, pipe, and handling tools to oil & gas companies who utilize their products to service and maintain oil wells.
Key Aspects
- The Company achieved a 51.2% compound annual growth rate (CAGR) in revenue from 2021 to 2023.
- The Company maintained an impressive, average adjusted EBITDA margin of 48.6% from 2021 to 2023.
- Well established affiliations with oil & gas companies within the local region.
- Strong foothold in the oil & gas industry with a reputation for safe, effective, and reliable products.
Opportunities
- Expand product line to include additional types of tubing.
- Implement a strategic marketing campaign to reach additional clients.
- The Company is currently leasing its products at near max capacity and has the operational capabilities to expand its revenue-producing operations to meet the excess demand in the region.
- The Company has identified potential expansion opportunities to lease their product in Texas, Pennsylvania, Ohio, & Colorado.
Headquartered
- North Dakota
Current Markets
- The Company’s primary client base includes oil & gas companies operating oil wells in the greater North Dakota region.
Real Estate
- The Company operates from an approximate 1,200 sq. ft. shop space, held by an unrelated third party.