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Louisiana Based Ship Repair Maintenance Conversion Service Provider For Sale

Louisiana, US
Asking Price:
On request
Sales Revenue:
$10,775,000 (USD)
Cash Flow:
$1,290,000 (USD)

The business is a family-owned repair and maintenance service business for marine vessels. The
business also offers reconstruction, or vessel conversion services, for all types of aluminum and steel
vessels used in industrial capacities along the Mississippi river and Gulf Coast.

Key Aspects
· Operating for over 37 years as a full-service shipyard servicing Port Fourchon vessel owners and operators
· Business provides vital and essential services for marine-based businesses along the Gulf Coast
· Completed over 4,500 dry docking and repair jobs since establishment
· First choice for aluminum ship repairs on Bayou Lafourche and Port Fourchon

Opportunities
· Development of target industries to reach a wider range of customers
· Establish more efficient client billing practices which will facilitate more timely collections
· Approximately 80% of capital improvements to property expansion completed as of December 2020 which are being utilized to grow operations

Headquartered
· Deep Southern Louisiana Bayou region
· South Lafourche Levee District

Current Markets
· The business mainly serves customers with marine vessels who primarily serve oil and gas production companies located across the Gulf of Mexico.

Shareholder Objectives
· Ownership is seeking a strategic partner in order to grow the business to its full potential. The majority owners expect to make an eventual exit from the business. All ownership is open to various deal structures in order to facilitate a transaction.

Contact Benchmark International

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