![The JF Petroleum Group Acquires General Contractor GE Goodson Service](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/04/jf-petroleum-group-acquires-general-contractor-ge-goodson-service.jpg?itok=Sr6H_lmT)
(Source: Shutterstock/ The JF Petroleum Group)
The JF Petroleum Group announced on April 15 that the fueling system solutions provider has acquired GE Goodson Service Co. Inc., a general contractor for the petroleum equipment industry headquartered in Midland, Texas.
The GE Goodson Co. provides construction services and maintenance support in the greater Midland-Odessa area of Central to West Texas. The Goodson Branch will be incorporated into the JF West Region and operate as The JF Petroleum Group’s Midland branch on a go-forward basis, according to JF’s press release.
“JF continues to invest in organic expansion and growth through acquisition in support of increasing demand for construction, service and compliance-related services in the petroleum equipment industry. We are proud to welcome the employees of the GE Goodson Co. to the JF family,” Keith Shadrick, CEO of The JF Petroleum Group, said in the announcement.
Terms of the transaction were not disclosed.
Recommended Reading
Worley to Service BP’s Global Site Projects
2024-06-10 - BP and Worley’s collaboration plans to save an initial estimated $40 million over two years across BP’s sites where Worley holds a service contract.
Aker Solutions’ Consultancy Arm Renamed Entr
2024-05-23 - Aker Solution’s newly christened Entr plans to double its revenue and headcount by 2030.
Oceaneering Secures Contract with Petrobras for Offshore Brazil
2024-06-10 - Oceaneering International Inc. will supply steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware to projects offshore Brazil.
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-26 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Kosmos Energy’s RBL Increased, Maturity Date Extended
2024-04-29 - Kosmos Energy’s reserve-based lending facility’s size has been increased by about 8% to $1.35 billion from $1.25 billion, with current commitments of approximately $1.2 billion.