RedHawk Energy buys Houston company
Comments 
0
Published: November 3, 2009
LAFAYETTE, La. (AP) — RedHawk Energy Corp., a Lafayette-based oilfield service company, has purchased Houston-based Xxtreme Group for $66 million.
RedHawk head Darcy Klug says the acquisition fits the company's strategy of investing in domestic oil and gas equipment manufacturing, leasing and service companies.
With about 180 employees, Xxtreme Group posted $36 million in revenue in 2008. Through September, Xxtreme posted 2009 revenue of $20.5 million.
___
Information from: The Advocate, http://www.2theadvocate.com
Related Topics:
Science and Technology, Technology, Domestic Policy, Political Policy, Politics, Business, Energy Policy, Oil Production and Refining, Energy Technology, Executive Management
Prev
Something to say about this topic? Submit a Letter to the Editor online
Thank you for joining our conversations on newsok. We encourage your discussions but ask that you stay within the bounds of our terms and conditions. Please help us by reporting comments that violate these guidelines. To review our rules of engagement, go to Commenting and posting policy.
Log in below or sign up (it's free).