This news is classified in: Traditional Energy Oil and Gas
Oct 26, 2017
Chromatic Industries, LLC wishes to announce that it has acquired certain assets and the principal business of Quality Oil Tools, LLC (“QOT”) in Jennings, LA. The company will continue doing business as Quality Oil Tools and will be part of Chromatic Oil Tools, LLC, a new subsidiary of Chromatic.
QOT was founded in 2002, and has developed an excellent reputation in the oilfield as a premier provider of high quality pressure control equipment, including gate valves, check valves, chokes and kill manifolds as well as replacement parts and repairs. Chromatic will retain the facility in Jennings, LA and the associated personnel.
Mark Gamber, CEO of Chromatic, said, “I am excited about the acquisition of the QOT assets as it expands our footprint and integrates well with our existing valve lines. We look forward to working with the QOT team to continue delivering the high quality products and services that QOT and Chromatic customers expect.”
Simmons & Company International, Energy Specialists of Piper Jaffray, served as exclusive advisor to Chromatic on the transaction.
