Business Description

This industrial drilling equipment business, with locations in Phoenix, Arizona and Salt Lake City, Utah, serves Prime Contractors, foundation companies, and infrastructure GC’s in the Southwest. Boasting over $4M in backlog and a $3.6M sales pipeline, the business has a loyal client base with 75% repeat customers who often transition to equipment ownership for enhanced job performance. With almost $8 million in assets and minimal competition, this business is well-positioned to benefit from the upcoming Infrastructure Bill and economic protection against recessions. Established more than 15 years ago, the company is supported by a skilled team of industry experts, including a General Manager, Operations Manager, Accounting and Sales staff, and technical professionals. Despite a low owner involvement of 15 hours per week, the business is run efficiently, paving the way for a seamless 2-year transition period for new ownership. Priced at $9,975,000, the sale includes the option of a 20% Seller