Announced
Completed
Financials
Tags
artificial lift
Private Equity
Domestic
United States
Friendly
Private
Acquisition
Completed
Majority
Single Bidder
Machinery: Industrial
Synopsis
KPS Capital-backed Lufkin Industries, a manufacturing company, completed the acquisition of US Rod and Patriot Pump, a manufacturer and provider of artificial lift products. Financial terms were not disclosed. "We are very pleased to acquire and integrate US Rod and Patriot Pump into Lufkin. These acquisitions strengthen Lufkin's portfolio of superior products and services and expand our outstanding, highly-experienced teams. In partnership with KPS and its substantial capital and resources, we look forward to continuing to grow the Lufkin platform in service of our customers," Saeid Rahimian, Lufkin CEO.
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