The Company is a rapidly growing fuel oil blending and distribution company that has developed a proprietary blending technology platform to cost-effectively incorporate cleaner burning fuel oils and blendstocks for commercial and industrial burning.

The Company secures feedstock from refineries, blends to customer’s specification at a land-based terminal, and ships its product via waterway to customers. The Company utilizes a time charter with a 100,000bbl ship which it uses to deliver its blended fuel oil to customers.

The Company is owned and operated by a 25 year veteran of the fuel oil industry. He has previously been involved in the initial and growth stages of two other fuel oil companies and has utilized his direct and well-established relationships with customers and suppliers in growing the Company to its current level. Several additional employees with over 30 years of experience working in the fuel oil industry will join the company upon funding. The employees also have experience working directly with the CEO.
There is currently a backlog of additional contracts in which growth capital is needed to fill. The Company currently services customers in several countries in the Western Hemisphere with a vision of having a global presence.

Offering: The owner wishes to raise $17 million in capital to fund the growth of the fuel oil blending and distribution operations. These funds will purchase an ownership interest in the Company and be used to facilitate and support significant revenue growth via additional secured ship charters, expanded working capital, and an expanded line of credit. The Company raised $1MM in equity funding previously and has generated nearly $20MM in total revenue with that equity.

Years Revenues EBITDA
2015 4.9M* 135K
2014 6.2M -140K
2013 4.6M 275K
* Company moved a cargo in December so revenue would have been $7.2M.

Posted Jun 10, 2016

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