J-W Energy Company said Wednesday that it has sold its subsidiary, J-W Measurement Company, to White Deer Energy L.P. II and J-W Measurement Company’s senior management team. No financial terms were disclosed. Based in Dallas, Texas, J-W Measurement Company is a provider of engineered measurement stations, custom or standard meter tubes, power supply equipment, production equipment and fabricated buildings.
DALLAS, July 31, 2013 /PRNewswire/ — J-W Energy Company is pleased to announce the sale of its subsidiary, J-W Measurement Company, to White Deer Energy L.P. II and its affiliates and J-W Measurement Company’s senior management team.
“J-W Energy Company and its shareholders are excited for the opportunities this transaction provides to both J-W Energy Company and J-W Measurement Company to achieve even greater heights in the future. J-W Energy Company is proud of the growth and achievements of J-W Measurement Company and its leadership team,” commented Gene Gradick, Chief Executive Officer of J-W Energy Company. “J-W Energy Company entered the measurement business through the acquisition of a small company
Jbased in Shreveport, Louisiana, and since that time the company has grown into the largest company of its type in the U.S. J-W Measurement Company has always been a sales-driven organization and has shown positive returns to J-W Energy Company and its shareholders.”
J-W Measurement Company will continue to base its operations out of the Dallas area, and will announce its new name in the near future.
White Deer Energy is an energy private equity firm focused on the exploration and production, oilfield service and equipment manufacturing, and midstream sectors of the oil and gas industry. With $2.2 billion of capital commitments across two private equity funds, White Deer Energy L.P. II is a long-term investor targeting equity investments of $50 to $150 million. With offices in Houston and New York, White Deer Energy has a combination of industry expertise and capital that makes it an attractive partner for rapidly growing energy companies.
J-W Measurement Company specializes in providing engineered measurement stations, custom or standard meter tubes, power supply equipment, production equipment, and fabricated buildings. In addition, J-W Measurement Company offers electronic flow meters (EFM), flow recorders, instrumentation & accessories, as well as services including laboratory analysis, data processing, meter tube inspections/cleaning, installations, maintenance and communications systems.
J-W Energy Company is an energy services and energy development company that specializes in natural gas compression, gas gathering and processing, cased-hole wireline services, and exploration & production throughout the majority of the major areas of exploration and drilling activity in the United States.
Additional information about J-W Energy Company and its subsidiaries can be found at www.jwenergy.com.