Link Business

Project Salang (Bulk Water Supply, Deep Drilling & Equipment)

Listing: #OR00478

Jard Gerona

Broker | Manila-Ortigas Center

Jard Gerona

gerard.gerona@linkbusiness.ph

+63 2 7900 8000

+63 998 468 9366


About this Business for sale in Mindanao

Project Salang (Bulk Water Supply, Deep Drilling & Equipment)

 

Project Salang Construction (Co A) and Project Salang Equipment (Co B) are headquartered in Mindanao, Philippines. The Company has three lines of business: deep water drilling, water supply and heavy equipment for mines and quarries in Mindanao.

  • The Objective
    • Looking for strategic acquisition buyout opportunities.
    • The buyer will get to own a state-of-the-art deep water drilling company having access to an extensive pool of existing contacts and value relationships.
    • The buyer will enjoy a newly signed ten-year contract to develop, construct and operate a fully functional deep well supplying a government-owned local waterworks system.
    • Management is willing to participate in the transition.
  • The Business
    • Deep Water Drilling (Project Salang Construction)
      • The company takes pride as the most efficient drilling service for water well development and well rehabilitation. The company also offers water survey, mine exploration drilling, drilling for explosives and drilling consultancy, among other services. Drilling operations have been mainly in Mindanao and are now reaching the Visayas and Luzon.
    • Water Supply (Project Salang Construction)
      • A new business line of Project Salang Construction – In February 2021, the company was contracted by a local waterworks to supply bulk water to a community of 100 households for a period of ten (10) years.
    • Heavy Equipment for Mines and Quarries (Project Salang Equipment)
      • Project Salang Equipment provides the building and yard, with a total land area of 1.3 hectares, for Project Salang Construction’s manpower and equipment. The company, in addition, has equipment that are rented out to companies engaged in mining and quarrying in Mindanao region.
  • Acquisition Rationale 
    • The World Resources Institute predicts that the Philippines will experience a high degree of water shortage by 2040. This business is a cut above the competition in providing essential water services. It has proven itself to be pandemic-resilient compared to most other businesses in the country. 
    • Strategic rationale: roll-up into contracts and opportunities with large clients and water utilities. Entry into the high-potential market in Mindanao. 
    • Financial rationale: in addition to incomes from water drilling services, bulk water supply provides a new stream of assured regular income over the long term

For inquiries, contact your Business Brokers below:

Gerard Anthony Gerona
Business Broker
M:  +63 998 468 9366 (Smart)
E:   gerard.gerona@linkbusiness.ph

Cynthia Robel
Business Broker
M: +63 977 849 2295 (Globe)
E: cynthia.robel@linkbusiness.ph

Joefil Escay
Corporate Business Broker
M: +63 917 531 4100 (Globe)
E: joefil.escay@linkbusiness.ph
 

Manila-Ortigas Center
gerard.gerona@linkbusiness.ph
+63 2 7900 8000
+63 998 468 9366

Jard Gerona

Enquire Now
Manila-Ortigas Center
cynthia.robel@linkbusiness.ph
+63 2 7900 8000
+61 977 849 2295

Cynthia Robel

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.