MRC Buys Specialty

Transaction Type
Sellers
Buyers
Announce Date
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Close Date
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0MM
Description

Purchase of Midland-based energy service and supply company.

MRC Global Inc. (NYSE: MRC) has closed on its acquisition of assets from Production Specialty Services Inc. for an undisclosed amount.

Headquartered in Midland, Texas and established in 1990, Production Specialty Services adds 18 service locations, including one distribution center, in the Permian Basin and Eagle Ford shale regions of Texas and New Mexico to MRC's current location network.

"We are pleased to have completed this acquisition and welcome all of the Production Specialty Services employees to MRC," Andrew R. Lane, MRC Chairman, President and CEO said. "I look forward to combining our strengths to better serve our customers in the Permian Basin and Eagle Ford shale."

Headquartered in Houston, Texas, MRC, distributes pipe, valve, and fittings (PVF) and related products and services to the energy industry.