Listing ID: GL04162019
Location: Edmonton, Alberta
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?
Reason for Sale
Business Premises and Location
Does the Vendor own the premises?
Is the premises part of this sale?
What is the cost of the lease?
Documents Available For Review (Subject to Offer)
Business Sales Memorandum, Financial Statements, Equipment List
Annual Revenue: $ 1,543,672
Discretionary Earnings: $ 475,988
Year Established – 1981
# of Employees – 12
Assets – $ 590,457
Inventory – Not Disclosed
Asking Price – $ 2,200,000
Seller Financing – Negotiable