▷ Lufkin Industries to acquire US Rod and Patriot Pump

01.12.2021 – 20:47

Lufkin Industries

Missouri City, Texas (ots/PRNewswire)

Lufkin Industries (“Lufkin”), a portfolio company of KPS Capital Partners, LP (“KPS”), announced today that it has completed the acquisition of US Rod and Patriot Pump.

US Rod is a leading API-licensed manufacturer and supplier of artificial lifting products, including suction bars, rod guides, couplings, pony bars, stabilizers, and sink bars. US Rod manufactures 100% US-made products in its state-of-the-art manufacturing facility in Nappanee, IN. US Rod has continuously invested in advanced automation and robotic systems to deliver the highest quality products to our customers.

Patriot Pump, headquartered in Williston, ND, is a leading provider of drill pipe products and services to leading oil and gas operators in North Dakota, Montana, Colorado and Kansas.

US Rod and Patriot Pump expand Lufkin’s ability to provide fully integrated rod pumping systems and a full range of services to its customers, including suction rods, downhole pumps, beam pumping units and automation, all backed by Lufkin’s reputation for quality and reliability.

Saeid Rahimian, CEO of Lufkin, said: “We are very excited about the acquisition and integration of US Rod and Patriot Pump into Lufkin. These acquisitions strengthen Lufkin ‘s portfolio of world class products and services and expand our excellent, highly experienced teams. We are delighted look forward to working with KPS and its considerable capital and resources to further develop the Lufkin platform to serve our customers. “

Mike Shores, Co-Founder of US Rod and Patriot Pump added, “The entire US Rod and Patriot Pump team is excited to be a part of Lufkin, a legendary company and brand in our industry. We believe they do is a great step for our customers, suppliers and employees who will benefit from the experience of our joint team, the Lufkin brand name and the extensive US and international sales network. “

About Lufkin Industries

Lufkin, headquartered in Missouri City, Texas, is a leading global provider of rod elevator products, technology, services, and solutions, including automated control, optimization and software for rod elevator systems for the oil and gas industry. Lufkin has been a leader in the industry for over 100 years and manufactures a complete range of surface pump units, suction rod pumps for boreholes and automation systems in six manufacturing and assembly plants around the world. Lufkin has an extensive global service footprint that operates across the oil producing world. For more information on smartShift, see www.lufkin.com.

Press contact:

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Original content by: Lufkin Industries, transmitted by news aktuell


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