24 Aug, 2016, 06:00 ET
BERTHOUD, Colo., Aug. 24, 2016 /PRNewswire/ -- Blackeagle Energy Services, a leading provider of energy-related construction and maintenance services, announced today it has acquired certain Permian Basin assets from Brazos Rock, Inc., a leading provider of oilfield construction services in Texas.
"The transaction announced today increases our footprint and strengthens our existing Texas operations. What's more, it allows us to better serve our existing customers and puts us at the epicenter of the nation's largest oil producing region," said Rick Barrett, Blackeagle's president and CEO.
Brazos Rock, based in Weatherford Texas, is a well-established contractor with a solid reputation for quality and safety. "I have known Rick and Blackeagle for a long time and have appreciated the similarities between our two businesses. When it came time for us to consider strategic alternatives, I knew there would be no one better to work with than Blackeagle," said Chad Chester, CEO of Brazos Rock.
The terms of the deal remain private except for the public announcement that Blackeagle will employee Brazos Rock's former employees and occupy the company's building and yard in Midland, Texas.
"By establishing a leading presence in the region, at what is widely considered the bottom of the cycle, Blackeagle is well positioned for future growth," Barrett added.
About Blackeagle Energy Services
Since 1986, Blackeagle Energy Services has been building and maintaining our nation's energy infrastructure. Based in Berthoud, Colo., with operations across the country, Blackeagle provides specialized services to the nation's leading energy transportation and distribution companies. Services provided include pipeline and facilities construction, fabrication, integrity management and related engineering and maintenance for customers building and operating oil and natural gas infrastructure. For more information, contact Director of Business Development Luke Coats at (970) 344-6125 or [email protected] or visit www.BlackeagleEnergyServices.com.
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SOURCE Blackeagle Energy Services
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