PSS Companies Adds Strategic Marcellus Shale Location With Acquisition of North State Supply
Benefits Include Faster Delivery, Greater Product Availability, & Lower Freight Costs
(firmenpresse) - HOUSTON, TX -- (Marketwire) -- 02/23/12 -- PSS Companies (), the leading supplier of consumable pipeline construction materials and specialty equipment for the oil and gas industry in the U.S., announces the acquisition of Pennsylvania-based North State Supply. The acquisition provides PSS Companies with a strategically located operation in the heart of the Marcellus Shale play, to help the company better serve its growing base of customers in the region. North State Supply has been a leading supplier to the industrial and pipeline construction industries for over 30 years.
Similar to the recent merger of Wasatch Supply and Pipeline Supply and Service, North State Supply customers will continue to work with the same people, but will immediately experience PSS Companies benefits including greater product availability and accessibility, as well as faster product delivery. Scott Bandi will remain General Manager as well as take an active role in future growth plans for the region.
"North State Supply is a great fit for PSS Companies because we share the same values of providing top notch customer service through a knowledgeable staff, as well as a dedication to delivering high-quality products on time. This location is key addition to our ability to serve customers across the country quickly -- it will serve as a hub for the north-east region."
- Karma Newberry, PSS Companies Vice President of Sales and Marketing
PSS Companies is the leading supplier of consumable pipeline materials and specialty equipment for the oil and gas industry in the U.S. Formed with a merger of Pipeline Supply and Service with Wasatch Supply in 2011, PSS Companies is made up of experienced people who are focused on delivering the right pipeline supply products on time and at a competitive price. The company achieves this by providing excellent customer service and industry-best product accessibility and availability. PSS Companies is a portfolio company of Cadent Energy Partners.
Cadent Energy Partners, with offices in Stamford, Connecticut and Houston, Texas, is a private equity firm that invests in small to medium-sized companies in the energy industry. Cadent provides expansion capital to firms that want to accelerate growth and build shareholder value in partnership with an experienced energy investor.
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Datum: 23.02.2012 - 07:06 Uhr
Sprache: Deutsch
News-ID 1086023
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