The company was formed in 2003 to provide construction services (roads, pads, pits, etc.) and environmental remediation/reclamation services to Energy Industry upstream and midstream customers. Initially starting small with the owner and a couple of hands, the company has expanded to its current operating size of nearly 70 employees providing services across the Permian Basin, with significant operations in New Mexico, for many of the major energy companies operating in the area.

The company has historically had an operating mix of approximately 75%/25% construction to environmental services, as the owner was the only employee with the ability to map a site remediation plan, perform soil testing and prepare the completion reports; this shifted in late 2024 and into 2025, to more of a 60%/40% mix, and is expected to remain at these levels over the coming year(s), due to the addition of remediation operations employees and customers.

The owners have grown the company very conservatively over its life span, carrying little debt, preferring to grow out of cash flow, which continues to be the case as can be seen in the financial statements. Company growth to current levels began in 2018/2019, dipping in 2020 as with all OFS companies, and recovering strong in 2021, with year over year Revenue and EBITDA growth since. Revenue and EBITDA for the TTM ended September 30, 2025, is $28.8M and $11.1M, respectively, up from $22.8M and $7.1M, respectively, for the FY ended November 30, 2024. With the current work in process and job log, the owner expects EBITDA for the FY ended November 30, 2025 to be in the $12M to $14M range.

Company equipment is a healthy blend of older to newer model machinery, outfitted with the latest technology to accurately and efficiently perform the various services required. The majority of repairs, including engine overhauls and transmission rebuild/replace, are performed in house resulting in more timely and less costly repairs. Historically, the owners have operated at/near full utilization, acquiring equipment to service new/additional customer needs, first through renting from reputable heavy equipment rental/leasing companies and later converting the rental/lease to a purchase contract, with a majority of the rental payments previously made being applied to the acquisition cost of the equipment, if it appears the new/additional work will remain steady into the future. It has typically not been an issue to timely obtain rental equipment as needed for new/additional customer requirements and/or as equipment in the fleet goes offline for repairs and/or maintenance.

The facility is owned by the company owners', outside of the business, and is available for lease, purchase or neither if buyer wishes to relocate the operations. The facility is located on a 9 acre yard with main bypass highway frontage and easy access to major highways serving the Permian Basin. Current office space and shop space are approximately 1,500 sqft and 3,500 sqft, respectively; expansion plans are in place to double the size of the facility, with completion expected late 2026 to early 2027.

The owners believe that with the current market environment, it should continue to experience year over year growth for the foreseeable future, and are considering a sale primarily for financial and retirement planning purposes (the owners are not nearing retirement age, but rater responsibly planning for it). The owner responsible for operations would prefer to continue in a management/sales/operations role post-transaction; his wife, who oversees the daily administrative/financial/accounting/HR functions, is willing to stay on for a transition period post-transaction, but would prefer to retire.

The company is in a prime position for a transaction with a buyer positioned to take the company to the next level, and ownership is of the right mindset to see a transaction through and assist the buyer with achieving future goals.