Insight Management Corp. is successfully executing its corporate growth strategy by acquiring oil and gas companies with ongoing revenue, profitable operations, proven management and established customers. The company looks for undervalued, well-run energy businesses with opportunities to expand in the United States.
The acquisitions made by the company add revenue and create bottom line growth. Specifically, Insight Management pursues acquisitions of energy firms with revenues in the $5 to $25 million range and management willing to stay on for at least three years. In return, Insight Management provides management expertise and access to capital to increase revenue, profit and market share for all of its new subsidiaries.
Insight Management completed its first acquisition in June 2009. They acquired Rebel Testing Inc., an energy services company providing pump hoist services in the greater Powder River Basin and also blowout prevention services for customers in Colorado, Wyoming and Utah. Rebel Testing was just the sort of company Insight was looking for – in business and profitable since 1991 and posting a net profit last year of 32%. For the three months ended September 30, 2009, Rebel Testing recorded revenue of more than $588,000.
Currently, the company is conducting due diligence on a second potential acquisition after recently signing a non-disclosure agreement. The company in question has been in business for five years and is an established drilling company currently operating eight oil wells in Texas. Insight Management is also evaluating additional acquisition targets.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment