Stallion Oilfield Services Ltd has acquired “substantially” all of the assets of Washington, Pennsylvania-based AI’s Water Service, a provider of potable water transportation and services for the oil, gas and mining industries. No financial terms were disclosed. Stallion is backed by The Carlyle Group and The Riverside Company.
HOUSTON–(BUSINESS WIRE)–Stallion Oilfield Services Ltd. (“Stallion”) announced that it has acquired substantially all of the assets of Al’s Water Service (“Al’s”), a provider of potable water transportation and services to the oil, gas and mining industries. Al’s is based in Washington, Pennsylvania, which will enable Stallion to continue to serve its customers in the tri-state area of Pennsylvania, West Virginia and Ohio.
“Our acquisition of Al’s Water Service complements our overall remote accommodations offerings so that we can now provide near end to end services to our customers. This investment represents an important strategic opportunity to offer a potable water solution to the hard-working men and women of the oil, gas and mining industries in the area, and it also provides Stallion with an opportunity to expand our service offerings and customer base in the Southwest Pennsylvania region,” said David Mannon, Stallion’s Chief Executive Officer.
“Al’s has a well-earned reputation for reliable service in the Washington, Pennsylvania area, and our employees will fit well into Stallion’s culture of unwavering commitment to customer service,” said Jeff Pinkerton, owner of Al’s Water Service. Jeff will become an employee of Stallion and help manage the Washington, Pennsylvania location.
Going forward, Al’s Water Service will transition to the Stallion brand.
Stallion is a leading private equity backed energy service company that provides upstream, midstream, and industrial services to oil and gas exploration and production companies, drilling contractors, pipeline companies, refiners, and other industries across the United States, Gulf of Mexico, and certain international areas. Stallion’s customers comprise a wide range of organizations from small oil and gas companies and contractors to large integrated energy companies. Stallion is one of the largest providers of surface equipment rentals and logistics in North America with over 1,200 employees and approximately 60 locations. For more information about Stallion and its products and services, please visit www.stallionoilfield.com.