Tuesday, February 11, 2014
Silica Sand Mining Company for Sale
• Located in the Midwest, USA. About 100 miles from the epicenter of the Utica Shale activity. Also strategically located in close proximity to Marcellus Shale activity.
• Approximately 17 million tons of sand & gravel reserves (over 300 years based upon current production levels). Additional 5 million tons of sand & gravel reserves may be leased adjacent to existing leases.
• Provides sand & gravel to the Frac/Energy, Industrial & Environmental markets.
• Recent construction of a screening & drying plant, wash plant and rail spur.
• About 10 employees.
• 2013 revenues are expected to be about $2 million.
• Based on current plant capacity, potential to realize annual revenue and EBITDA of $9.2 million and $2.3 million, respectively, with negligible incremental capital required.
• The FMV of the equipment, buildings and plant is approximately $14 million.
• Buyer can assume low interest government loans (about $3.5 million).
• Asking $15 million or best offer.
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