Case Study: Castronics

Castronics pre-acquisition

• Regional threading provider for casing and tubing used on the oil field.
• Single location with 24,000-square foot processing facility and 70 acres of storage capacity.
• Approximately $5.5 million of revenue generated by 30 employees.
• Single individual providing all operational, financial and strategic management.

Actions taken by NSCP

• Patrick and Michael dedicated themselves to the growth and development of the business, spending over 50 percent of their combined time onsite.
• They focused on:
  • Developing new financial, operational and quality assurance systems.
  • Hiring and training a new level of middle management.
  • Identifying and executing on additional sales and strategic growth opportunities.

Castronics at time of exit

• Largest integrated services provider for oil country tubulars in the Rocky Mountain and Midwest regions.
• Two locations providing over double original processing capacity and more than 500 acres of storage capacity.
• ISO-certified facilities with new financial, operations, and quality control systems.
• Approximately $18 million of revenue generated by 125 employees.
• Diverse management team composed of five senior individuals and eight lower level managers each with their own distinct set of responsibilities.