Gardner Denver High Pressure Solutions has been renamed GD Energy Products to better reflect its commitment to the upstream oil and gas market, according to a company release on Sept. 27.
Since 1859, Gardner Denver High Pressure Solutions has been designing and perfecting pumps for the global oil and gas industry. The Houston-based company’s state-of-the-art repair shops and service facilities in every major North American shale play contribute to making it the only total solutions provider to the drilling, well servicing and frac pumps market, according to the release.
In 2020, the company’s predecessor merged with Ingersoll Rand’s industrial segment. The Gardner Denver High Pressure Solutions business, however, was later spun out through the acquisition of a majority interest by private equity firm American Industrial Partners, which closed in April.
As a standalone business, GD Energy Products said it will now focus its efforts on best serving its customers in the upstream oilfield service sector, while continuing its legacy of delivering “highly-engineered and efficient, customer-driven solutions to meet the evolving needs of the market.”
In a statement commenting on the announcement, Edward Bayhi, CFO at GD Energy Products, said, “As GD Energy Products we will advance our history of innovation and commercialization of technologies that enable efficient energy production.”
“Alongside our renewed focus on upstream oil and gas, we will continue to work around the clock focusing on new product development, supply chain optimization and operational excellence,” Bayhi added. “We look forward to continuing to build on the strong foundation that GD Energy Products rests upon today.”
Larry Kerr has been appointed CEO of GD Energy Products, having built up 36 years of experience in the industry, 10 of those at Gardner Denver.
“Our rebranding as GD Energy Products is a great step forward for the organization that our customers have trusted from day one, for more than 160 years,” Kerr said in the release.
“This transition will enable our team to grow, our business to thrive, and most importantly will give us increased flexibility to continue to serve our customers with innovative products and unrivaled customer service,” he continued. “We are excited about our next phase of tremendous growth as GD Energy Products—a standalone organization.”
Recommended Reading
Matterhorn NatGas Pipeline Ramps Up Faster Than Expected
2024-10-22 - The Matterhorn Express natural gas pipeline has exceeded expectations since its ramp up on Oct. 1 for deliveries to interstate systems owned by Kinder Morgan, Williams and Enbridge.
Private Midstream Executives: More M&A, More Demand, More Gas Pricing Woes
2024-10-17 - Private midstream CEOs discuss the growth, opportunities and challenges that lie ahead.
Energy’s Election Stakes: Regulations, Bureaucracy, Permitting
2024-10-18 - Oil and Gas Investor assembled a group of seven oil and gas executives, policy advocates and other experts to talk about what’s really at stake in the November election and the many challenges facing the energy sector, regardless of who wins.
Energy Transfer Confirms La Porte Fire, Report of 'Unknown' Vehicle
2024-09-16 - Energy Transfer acknowledged reports of a vehicle striking a valve on a natural gas liquids line, potentially leading to a large fire in La Porte, Texas, on the morning of Sept. 16.
Matterhorn Express Ramps Up Natural Gas Flow
2024-10-04 - The Matterhorn Express Pipeline flowed 317 MMcf of natural gas to customers on Oct. 1, according to East Daley Analytics.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.