Indeed - FT could bring in a bulk of the $100M per year in 3 to 5 years (I'm assuming he's talking $100M as the total across all product lines). EW and Mako are "sleepers" from a news perspective at least for now even though we know EW works actively on DDI product development and Mako continues to rent to and service the offshore industry. When EW specific contracts start rolling in and Mako/DDI start to land bigger servicing contracts, we would be firing on all cylinders.
"Robert E. Chamberlain Jr., Deep Down’s chairman of the board and chief acquisition officer, said he believes the product lines from each of the three acquisitions – including Flotation Tech – could grow to $100 million in revenue in the next three to five years.
If we make our expectations on one of them, our story is a very good one,” said Chamberlain. “If we can do all three, it’s a stellar story.”
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