M&A Deal Summary

Petroleum Equipment Acquires Durand’s Testing Service

On July 21, 2022, Petroleum Equipment acquired business services company Durand’s Testing Service

Acquisition Highlights
  • This is Petroleum Equipment’s 1st transaction in the Business Services sector.
  • This is Petroleum Equipment’s 1st transaction in the United States.
  • This is Petroleum Equipment’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2022-07-21
Target Durand’s Testing Service
Sector Business Services
Buyer(s) Petroleum Equipment
Deal Type Add-on Acquisition

Target

Durand’s Testing Service

Saint Martinville, Louisiana, United States
Durand’s Testing Service provides services related to underground storage tanks (USTs), with the primary focus being a complete and total compliance management and services company. DTS was formed in 1997 and is based in Saint Martinville, Louisana.

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Buyer(S) 1

Buyer

Petroleum Equipment

Richland, Mississippi, United States

Category Company
Founded 1944
Sector Business Services
DESCRIPTION

Petroleum Equipment is a petroleum equipment distributor and service company with customers in multiple states in the Southeast. Petroleum Equipment was founded in 1944 and is based in Richland, Mississippi.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1