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Geophysical Service Company Investment Opportunity in Victoria, Canada

Invest in a Canada-based pioneering methane-measurement technology company for waste management and oil & gas.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity C Corporation
Reported Sales USD 590 thousand
Run Rate Sales USD 1.76 million
EBITDA Margin 30 - 40 %
Industries Geophysical Service
Locations  Victoria
Local Time 9:44 AM America / Chicago
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 730 thousand for 30.0% stake (Native Currency: CAD 1,000,000)
Reason: We need this amount to scale up the services we offer to clients and develop our service by offering... View More
Includes physical assets worth USD 147 thousand
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Company Profile
Business Overview
- Providing the leading methane measurement technology in North America by drone and are based out of Victoria, Canada.
- Providing methane gas surveys to the top waste management and oil & gas facilities in North America.
- Have catered to 20 waste management and oil and gas companies to date.
- We have successfully secured contracts with prominent waste management and oil & gas facilities, leading to a substantial increase in revenue.
- Business uses drones to survey and measure the methane and issue a report to the client.
- We hire pilots on a contractual basis depending on the size of the project.
- The company's utilization of drone technology for methane measurement sets it apart from traditional measurement methods.
- The company is registered in Canada as a C corporation and when required we get the approvals necessary to fly the drones such as the FAA approval.
Products & Services Overview
Our top-selling service: measurement of methane emissions in landfills and oil and gas facilities, according to the upcoming EPA and ECCC new climate change regulations.
Our clients are landfill operators and oil and gas companies.
Assets Overview
Tangible assets: drones, sensors, and other technology equipment.
Our intangibles: the proprietary software and AI technology.
Facilities Overview
We operate from a rented office in downtown Victoria, BC, Canada, and incur a monthly rent of CAD 4K.
Capitalization Overview
The business is funded by current owners and the government of BC climate technology fund. Currently, there are three owners with an 80-10-10 stake.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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