Further M&A Advisory Success for Aleutian Capital in the Middle-Market Oil and Gas
Industry
New York, NY – March 21st, 2007- Aleutian Capital Group is pleased to announce the successful acquisition of CDI Energy Services by John Crane Americas, a division of Smiths Group plc (London Stock Exchange: SMIN). Aleutian originated the opportunity and provided acquisition advisory services to John Crane. Terms of the transaction were not disclosed.
CDI Energy Services, Inc. is a Texas-based company providing artificial lift services and products to major oil and gas companies as well as large independent producers in the U.S. The company specializes in selling and servicing sucker rods, sucker rod pumps, wellheads, and surface safety equipment for the recovery of gas and oil with artificial lifts. Additional services include consulting, data management, safety, and product customization services. The company was founded in 1851.
John Crane Americas is a global leader in the design and manufacture of mechanical seals and associated products for oil & gas refiners. The company operates as a division of the Smiths Group plc (London Stock Exchange: SMIN), and was founded in 1917.
With the acquisition of CDI, John Crane further expanded its technical expertise and service offerings in the upstream segment of the oil and gas industry.