Storage Tank Testing, Inspection & Repair Business w/ Absentee Ownership Potential (#1523)

Overview

This well-established company provides testing, inspection, and repair services for underground and above ground storage tanks. Governmental regulations sparked a focus on compliance testing to meet environmental regulations for petroleum storage tanks and lines.

Customer Base

Approximately 30% of sales are repetitive from testing that is required annually or every three years by the Federal EPA. The customer base is approximately 600 at around 1,300 various locations.  The current customer base is in the Eastern and Southeastern US.

Company Strengths

• The management team in place is stronger technically than most companies in the industry allowing for potential limited involvement by a new owner.
• The company sets itself apart in their industry by their exceptional customer service and high-quality work.
• They have had a 20% annual growth rate for the past two years.

Perfect Opportunity For

A strategic buyer looking to expand or an individual buyer looking for an owner-operator opportunity.