Business Summary:
With nearly $3.5M in assets, this company offers over a dozen services throughout seven states! The certified team of 30-40 highly skilled employees uses their expertise to provide pipe welding, millwrighting, plant maintenance, mechanical work, air & asbestos work, instrument installation, confined space rescue, hydro blasting, excavating, and demolition. Assets include over $1.5M in equipment comprised of welding machines, a plasma table, mobile trailer, oxygen equipment, grinding equipment, mechanical tools, and hand tools, along with $1.3M in vehicles and $620,500 in inventory. The owner currently manages financial oversight and does not do labor.
Most of the work is in a four-state zone of Iowa, Nebraska, South Dakota and Indiana, but they have frequent jobs in Texas, Georgia and North Dakota. They are equipped to handle work anywhere within the continental United States.
Growth opportunities would include marketing, as most work is currently acquired through word-of-mouth tactics. Setting up more jobs outside of the main four states would also allow for more growth and revenue. They also have an expertise in Mechanical and Elevator work that is currently an untapped market.
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