Thursday, 5 October 2017

Petrochemical & Marine Corrosion Engineering Co.- USA


Business Description:
Industrial and commercial engineering firm involved in the design, construction, testing , inspection, reporting, surveying, monitoring and repair of equipment, infrastructure and other material assets.

Distribution:
Core services include infrastructure design, project management, repair, corrosion engineering, cathodic protection design, multi-discipline engineering, storage tank inspection and repair, integrity testing and regulatory management and coatings engineering.  

Clients include one of the largest marine transportation and logistics companies in the Western Hemisphere, the U.S. Government and industrial contracts as far away as the Southern Hemisphere. Excellent reputation with clients in private and public sectors. The moving forward and diversified business model now includes electrical, mechanical, civil and materials engineering. Future work is already lined up in 2018 with a state government.

The Transaction:

Proven management and employees have excellent academic credentials and industry certifications and combine 180 years of professional experience.  Looking for Buyer who can take this company to the next level for decades to come and keep entire staff on. Most economists believe that the current downturn in oil&gas should see recovery in 2017 based on research done by both the Deloitte Center for Energy Solutions and McKinsey & Company. The later has stated "most outlooks call for supply and demand equilibrium in 2017". Despite the current downturn, DeaLogic data has shown that the oil & gas sector have been one of the top 5 worldwide for M&A activity for the last 3 years from 2015-2017.


Financial Summary

2017 (Jan-April only)
2016
2015
2014
Gross Revenue
$745,270k
$2.622MM
$2.229MM
$3.979MM
EBITDA
($78,006k)
$48,516k
($381,653k)
$631,452k (15.8%)

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC / NAIC
USA
Compiled
Yes
16+
8711 / 541330
Direct All Inquiries to:
Gottesman Company
Refer to:  S-1870 DGR
Tel: 212-330-8010   Fax: 646-434-4557
                                                        Email: office@gottesman-company.com