SEEKING BUYER
$3M EBITDA, Oilfield Services and Industrial Trucking platform,WY
Oil and Gas · Wyoming, USA
revenue: $13,000,000
ebitda: $2,800,000
Exclusivity:
Exclusive Representation
SBA Eligiblity:
Eligible
Revenue:
$13,000,000
EBITDA:
$2,800,000
Rocky Mountain region oilfield services and industrial trucking platform. Founded 2018, scaled from $4M in 2022 to over $13M inredactedOwner is looking for a strategic partner to take chips off the table and stay on to scale.
The basics:
Revenue: $13M in 2025, run rate above $13.5M in 2026
Growth trajectory: $4M to $8M to $14M to $12.5M to $13Mredactedthrough 2026 run rate)
EBITDA: $2.5M to $3M rangeredactedbooks still normalizing post partner buyout)
35 employees
20 semi trucks, 30 trailers (tankers, belly dump, side dump, flatbed, heavy haul, winch trucks)
Service area: WY, CO, ND
Customer base: MSAs with major oil companies and other service providers
Approximately $2M outstanding debt
Husband and wife co-owners, both willing to stay through transition and into scaling phase
What the owner wants:
Recap structure: take chips off the table, retain equity, stay engaged
Strategic partner who can help with insurance cost, lending capacity, and geographic expansion
Valuation expectation: $15M to $25M, dependent on structure
Open to bolt-on into a larger platform, sponsorship with growth capital, or platform recap
The good:
Real growth: 3x in 4 years driven by customer wins and capacity additions
Owner has deep oil and gas background (Conoco, Continental and other locals before founding)
Diversified service mix beyond pure trucking (heavy equipment, oilfield rentals, roustabout, OTR)
Wyoming activity is strong in 2026 and benefiting from data center buildout on top of traditional oil and gas demand
Both owners willing to stay and roll equity, motivated to scale rather than exit
The honest bad:
2024 books were affected by a partner buyout late in the year, normalization still in progress
Customer concentration in a small group of top accounts. Owner notes "a top five that are the heavier hitters" but specific percentages not disclosed on intake. Concentration verification needed in diligence
MSAs are master service agreements, not committed-volume contracts. Pricing locked, volume at-will
$2M outstanding debt to be addressed in structure
Five leased trucks on top of the owned fleet for overflow. Flexibility positive, variable cost structure
Oilfield services is cyclical. Current Wyoming activity is strong, but forward demand depends on oil prices and the durability of the data center buildout thesis
Valuation expectation at the upper end (around 8 to 9x EBITDA) is rich for the EBITDA profile. Realistic settlement likely in the lower half of the stated range absent strategic synergies
This is a recap deal, not a clean exit. Buyer needs to be comfortable with operator rollover and a 3 to 5 year value creation thesis. Independent sponsors, family offices, and recap-friendly funded searchers are the natural audience. Self-funded searchers without recap flexibility should skip.
CT Strategic Partners runs success-fee-only buy-side mandates. Standard modified Lehman 5/4/3/2% paid by buyer at close. 18-month tail. We do not represent the seller. Anonymized teaser only until partner-signed NDA.
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