Big Red Engineering Announces Acquisition of Southwest Oilfield Product’s Well Servicing Equipment Division – Fort Worth, TX
Houston, TX – August 5, 2014
Big Red Engineering, LLC today announced it has purchased significant portions of Southwest’s Well Servicing Equipment Division effective July 31, 2014.
Terms of the transaction were not disclosed.
“We look forward to bringing Southwest’s greatest assets, its people and their know-how, into the well servicing equipment market in a unique way focusing on consistent and efficient production of a full line of well completion, stimulation, and intervention equipment such as frac pumpers, coil tubing, nitrogen, and snubbing units,” said the Chief Executive Officer of Big Red Engineering, LLC. He continued, “Big Red will be competitive not only in quality, but in the delivery of custom built units across the globe.”
“We are very pleased to announce the divestiture of our Well Servicing Equipment Division and are excited to see this business being taken over by a dynamic company such as Big Red Engineering. We wish them good fortune going forward,” said Paul DeWeese, Chief Executive Officer Southwest Oilfield Products.
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