03 Jul SFI Completes Purchase of R. L. Gilstrap Co.
July 1, 2012, Tulsa, Oklahoma: Superior Fabrication, Inc. (SFI) of Elk City, Oklahoma has completed the purchase of R. L. Gilstrap Company. SFI is a private, employee-owned custom fabrication company that produces oil and natural gas production equipment.
R. L. Gilstrap Company, located in Oklahoma City, manufactures and sells the Casinjac, an innovative tool used to safely pull heavy loads at the wellhead. It’s also used to accurately determine the freepoint of a pipe string.
Terry Morse, Chief Executive Officer of SFI commented, “We are extremely excited to add the Casinjac to our line of oilfield products. It’s a tool that offers compelling advantages to the conventional ways of freepointing and plugging wells. Recent sales growth speaks for itself.”
Ralph Gilstrap will continue to manage the business. “I look forward to working with SFI and continuing the commercialization of the Casinjac line of products,” said Mr. Gilstrap. “Acquisition Advisors did a great job of quietly finding good and qualified buyer candidates for us, and getting a nice deal done. They know what they’re doing,” he continued.
Acquisition Advisors represents business owners that don’t need to sell — but wish to — quietly, professionally, and for absolute maximum.
For more information about SFI visit www.superiorfab.com. For more information on the Casinac, visit www.casinjac.com.
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