Are you looking to take over a great, Waikato-based family business that has plenty of room for growth?
Matamata Directional Drilling is a proud family-owned business with high quality and long-standing staff that started from humble beginnings. With an excellent management team already in place, here is an opportunity for a new owner to work “on” rather than “in” a great Kiwi business, brought to the market by ABC Business Sales’ Greg Dunn and Geoff Pridham.
With billions of dollars set to be spent over the next 30 years on New Zealand’s ageing water infrastructure, Matamata Directional Drilling is set to be a significant player. Of the three waters (sewage, drinking and storm water) Matamata Directional Drilling is a must-have - the country cannot commit to a three waters programme without a directional drilling capability.
Based in the Central North Island, Matamata Directional Drilling has an outstanding reputation in the industry, providing an excellent service with immaculate plant and machinery. They are the leaders in directional drilling with long-standing relationships with key customers. With a track record of increasing sales and profitability, they have an average EBITDA of $1.5 million-plus.
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Matamata Direction Drilling is a directional drilling business that offers services such as water, ultrafast broadband and telecommunications, power, effluent and irrigation drilling, and thrusting. “With the three types of water plus power infrastructure upgrades and new installs required by many district councils/government departments, there is high future growth potential in this industry for years to come,” says Pridham.
"All the hard work has been done as long-term staff and management is already in place. The owners have done well over the last five years extracting themselves out of the business."
Relatively high barriers to entry, limited competitors in the mid to high-end market, a solid base of repeat clientele plus one-off jobs, and a whole lot of future work make this an excellent business investment with the added opportunity for growth.
"There are significant growth opportunities. There is the opportunity here to work more out of the Waikato/Bay of Plenty regions and more into the Auckland/Central District areas and increase the scale of the business. A new owner could continue with small-scale acquisitions to acquire higher volumes of contractual revenue and vertical integration."
With owners retiring from the industry proud of what they have achieved over the past 24 years, Matamata Directional Drilling is very well placed in the market to continue its current growth strategy.
Contact: Geoff Pridham - 027 232 1516 or Greg Dunn - 027 293 0377.
