Add-on Acquisition • Business Services

Petroleum Equipment Acquires Durand’s Testing Service

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

Acquisition Context

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.

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M&A Deal Summary
Date	July 21, 2022
Target	Durand’s Testing Service
Sector	Business Services
Buyer(s)	Petroleum Equipment
Deal Type	Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer	#
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

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