buying 51% stake in$14 million T/O engineering/Energy company
Stage
$10M in TTM Revenue
Industry
Industrial/Energy
Location
Johannesburg, South Africa
Currency
ZAR
Founded
January 2003
Employees
50
Incorporation Type
Other
Company Summary
We need funding to buy 51% shares into an engineering/Energy company.
The engineering company has contracts with ESKOM( South African State Owned Enterprise), potential contracts with SASOL LTD. It designs, manufacture(steel) and do maintenance on coal milling plants.
Revenue - $14 million . Net Profit - $1.6 million per year.
Company has desander technology that will up rev to $70 m.
51% stake makes co to be a Woman owned, given preference