Oil & Gas Businesses for Sale

Most oil and gas service and distribution businesses sell for 3 to 8 times annual profit. Businesses relying primarily on spot sales typically trade in the 3 to 5x SDE range. Businesses with long-term government and utility contracts, owned storage infrastructure, and a management team in place can reach 5 to 8x EBITDA. Storage and fleet assets add value above the operating multiple. Use the SBA loan calculator to model what different deal sizes mean for monthly financing.

Start with three to five years of financials and ask for an explanation of any year-to-year swings due to commodity prices. Ask for a customer list with contract terms, tenure, and annual volumes. Get the full set of environmental and tank inspection records for every site before you go further. Review the equipment list with maintenance history. Talk to the operations manager about day-to-day logistics. Understanding how the business performed during the last commodity downturn will tell you more than any single year of results.

Key questions: What percentage of revenue is under written contract and what are the remaining terms? Which customers have been buying for five or more years? What are the tank inspection and environmental compliance records for every site? Are there any known environmental obligations or cleanup histories? What is the fleet inventory with age and maintenance history? Who manages daily operations and dispatch? Do any supply agreements require renegotiation with the new owner?

Rejigg lists fuel distribution and gas service businesses that have been individually sourced and vetted. You can browse gas businesses for sale on Rejigg and connect directly with owners. Listings include financial and asset details so you can quickly assess fit.

Buyers in this space understand that prices move and they want to see how the business handled past downturns. Ask for revenue and profit data covering at least one down cycle, and ask the seller to walk you through what happened. Businesses with non-cyclical revenue from compliance work, municipal fueling, and infrastructure maintenance hold up much better when commodity prices drop. That revenue base is what you're really paying for, and understanding how it performed historically gives you a grounded sense of the floor.

Tank compliance and site cleanup history are standard diligence items in this space and they're worth taking seriously early. Ask for every tank inspection report and environmental assessment before you commit to a price. Sellers who have kept clean records and can hand you an organized file are signaling that the business has been run professionally. Issues that surface late in diligence tend to either reprice deals or kill them. Getting ahead of the environmental file is one of the most practical things you can do to protect your timeline.