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Curtiss-Wright
Flow
Control Company (CWFC) announced today that it has acquired the
assets of Gulf33 VALVE PROS, LLC (Gulf33) for $4 million in cash.
Gulf33 is a Louisiana limited liability company that provides valve
repair and maintenance services to the offshore oil and gas market.
Gulf33's customers include the largest offshore platform operators in
the Gulf of Mexico.
This acquisition will be integrated into GROQUIP, a business unit of
the Oil & Gas division of CWFC. Gulf33 and GROQUIP's Offshore Group
will be consolidated into a facility in Houma, L.A. Merging the two
companies will increase Curtiss-Wright's overall service offering,
while improving our customers' experience.
"The acquisition of Gulf33 complements our recent diversification
into the upstream oil and gas market," said David C. Adams, President
and CEO of Curtiss-Wright Corporation. "Furthermore, this synergy of
service capabilities expands our offering to existing and new
customers in these markets."
Curtiss-Wright continues to expand its position in the offshore oil
and gas service market by increasing our service offerings and
qualifications to bid on expanded and new Master Service Agreements.
The combined valve services will offer E&P customers a full array of
offshore, onshore, repair and testing capabilities, with maximized
utilization of technicians deployable during turnarounds.
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