B/E Aerospace Acquires LT Energy Services & Wildcat Wireline for $265 Million

Expanding Into the Oilfield Equipment Rental, Logistics and Services Business
Halliburton Operated Wireline Truck

Halliburton Operated Wireline Truck |Click to Enlarge

B/E Aerospace describes itself as the “worldwide leading manufacturer of aircraft passenger cabin interior products…” and the company now can boast about its Eagle Ford equipment rental and wireline businesses in South Texas.

B/E acquired LT Energy Services, an equipment rental company, and Wildcat Wireline who is also active in the Eagle Ford. The company spent ~$265 million to acquire the two companies.

Amin J. Khoury, CEO stated, “The acquisitions of LT, headquartered in Houston, TX, and Wildcat, headquartered in Marshall, TX, continues our initiative to expand our consumables management segment into the oilfield equipment rental, logistics and services business. The acquisition of LT establishes a new geographical base of operations in the Southwestern United States…..The acquisition of Wildcat expands the Company’s service offerings in both locations.”

The two businesses had combined revenue of $125 million for the 12-month period ending September, 30, 2013.

Read the full news release at beaerospace.com

The following two tabs change content below.
R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Add a Comment