Specialist Dredging Equipment Business, Tier One Mining Client

This company wet-hires a custom-built dredge to a long-standing mining client, and has been operating for more than 30 years. The dredge is a purpose-made asset, estimated to cost $1.5-2.0 million to replace, which limits competition from off-the-shelf alternatives. It needs only minimal staff to support the owner, and is listed at $2,800,000 on a walk-in-walk-out basis.