Case Study: Castronics

Case Study: Castronics

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.

 


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