80+ Year Mining Bit Manufacturer Serving Diverse Markets
Casper, Wyoming drill bit and tool manufacturer
On NextCompany since August 30, 2026 (45 days)
WY areaEstablished 19408 FT employees
Business overview
This family-owned shop in Casper, Wyoming manufactures custom drill bits and tools. It serves oil, gas, uranium, coal, water well, and geothermal drilling. A fourth-generation family has run the business since 1940.
The company reports trailing twelve month sales of $3,525,082. Seller discretionary earnings total $637,588. The seller asks $3,500,000. Eight employees staff the operation. The owner is retiring.
Who is a good fit for this business
- Owner-operators who want a Casper manufacturing shop with eight employees already in place.
- Buyers who can meet a $3,500,000 asking price and a $350,000 down payment.
- Strategic acquirers in oil, gas, mining, or water well tools seeking a Rocky Mountain plant.
- Buyers ready to purchase the separately listed real estate with the company.
Details
- Reason for selling
- Retirement
Frequently Asked Questions
The company manufactures custom drill bits and tools in Casper, Wyoming. It serves oil, gas, uranium, coal, water well, geothermal, and other drilling and mining operations. The shop also handles repairs, re-tipping, welding, drilling supplies, and related tools. A fourth-generation family has run the business since 1940.
The business operates from a facility in Casper, Wyoming. It serves customers throughout the Rocky Mountain region. The listing marks the company as not relocatable. Buyers keep the shop in Casper. The seller will sell the separately listed real estate with the business.
The seller asks $3,500,000. The company reports trailing twelve month sales of $3,525,082 for the Casper drill bit shop. Seller discretionary earnings total $637,588. The listing values inventory at $400,000. The listing calls for a $350,000 down payment.
The seller will sell the real estate with the business. The listing prices that real estate separately. The listing values inventory at $400,000. Furniture, fixtures, and equipment carry a $400,000 value. Eight experienced employees staff the Casper shop.
The owner is retiring. A fourth-generation family has run the drill bit and tool business since 1940. The shop serves oil, gas, mining, and water well customers from Casper, Wyoming. The family built custom bits, repairs, re-tipping, and welding work for those markets. Eight employees staff the operation.