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Oil Services Company Investment Opportunity in Abu Dhabi, United Arab Emirates

Contractor of specialized maintenance services for oil and gas companies seeks funds.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 500 - 1000
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 22 million
Run Rate Sales USD 23 million
EBITDA Margin 10 - 20 %
Industries Oil Services
Locations  Abu Dhabi
Local Time 8:04 PM Asia / Dubai
Listed By Management Member
Status Active
Overall Rating
Partial Stake Sale
USD 16 million for 40.0% stake (Native Currency: AED 60,000,000)
Reason: The company requires funds for working capital and to reduce the company's dependency on bank facili... View More
Includes physical assets worth USD 22 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Maintenance contractor for onshore and offshore oil and gas projects.
- Our main services include scaffolding, paintings, and blasting.
- We are one of the ADNOC maintenance contractors.
- We hold a running ADNOC project worth AED 300 million. We have completed 2 years in this project with 2.5 years remaining.
- ADNOC is a reliable customer and never delays payments.
- Our company's bank liabilities total about AED 45 million.
- The company has two equal shareholders. One is the controlling owner while there is one sponsor.
Products & Services Overview
We provide services like anti-corrosion painting, blasting, scaffolding, passive fireproofing, industrial insulation, fireproofing for cables, and pipeline wrapping and coating.
Our services are targeted toward onshore and offshore oilfields.
Assets Overview
Our physical assets have a total book value of AED 81.4 million. The company's property, plant, and equipment are worth AED 60.3 million; right-of-use assets are worth AED 21.1 million.
These assets include the scaffolding material, installation equipment, and vehicles.
Facilities Overview
The company's leased headquarters are located in Abu Dhabi, UAE. The work is carried out on the client's onshore and offshore oil fields.
Capitalization Overview
Not Disclosed
Recent Activity
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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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