Listing ID: GL04162019

Location: Edmonton, Alberta

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Welding Fabrication

Business Overview

For over 35 years, this family owned, and operated business has been using cutting edge welding technology to join and fabricate components used in some of the harshest service environments in the oil and gas industry, worldwide. They have cultivated a reputation of remarkable workmanship and excellent customer service while continuing to look for and integrate innovative practices that allow for increased productivity and quality. Whether it is high pressure chrome-moly butt welds for sub-sea chokes, duplex piping to carry brackish water in SAGD oil production, internal nickel cladding on pump manifolds for wear resistance in fracking applications or government procured R&D welding, the systems and facilities are in place with this business to continue mutually beneficial relationships with customers.

WHY THIS BUSINESS:
• Potential for growth
• Excellent location with plenty of client traffic
• ABSA certified B31.1 and B31.3 fabrication facility
• More than 40 qualified welding procedures and procedure qualification records
• Existing Health and Safety program and Employee Training manual
• Turn-key operation

Are the current owners the founders?

Yes

Owner Support/Training

Negotiable

Reason for Sale

Personal Reasons

Business Premises and Location

Does the Vendor own the premises?

Yes

Is the premises part of this sale? 

Negotiable

What is the cost of the lease? 

Contact Broker

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Equipment List

Operational Summary

Snapshot

Annual Revenue: $ 1,543,672

Discretionary Earnings: $ 475,988

Information

  • Year Established – 1981

  • # of Employees – 12

  • Assets – $ 590,457

  • Inventory – Not Disclosed

  • Asking Price – $ 2,200,000  

  • Seller Financing – Negotiable

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