Geopulse Exploration Acquires Remaining Stake in ATC Services, Expands Permian Basin Operations
TL;DR
Geopulse acquires ATC Services in a strategic move to expand operations, providing a competitive edge in the oil and gas construction market.
Geopulse completed the acquisition of all outstanding membership interests of ATC Services, adding high-margin support services to its Texas operations.
The acquisition of ATC Services by Geopulse is expected to lead to sustainable growth in the oil and gas industry, benefiting both companies and the local economy.
ATC Services offers a wide range of services, including drilling, construction, and environmental remediation, making it a versatile addition to Geopulse's portfolio.
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Geopulse Exploration, Inc. has finalized its acquisition of ATC Services, a strategic move that strengthens its position in the Permian Basin energy services market. The company acquired the remaining 50% of ATC's membership units, transforming the business into a wholly-owned subsidiary with projected annual revenue of $12 million.
The acquisition includes the appointment of ATC's CEO Chris Bishop and Director Shawn Rye to Geopulse's Board of Directors, signaling a commitment to integrated leadership and strategic growth. ATC Services specializes in critical oil and gas infrastructure services, including drilling pad construction, road maintenance, environmental remediation, and facility support for major industry players.
Marcus Laun, a Geopulse executive, highlighted the strategic importance of the acquisition, citing increasing energy demand and potential industrial re-shoring efforts as key drivers for long-term growth. The company plans to expand ATC's operations through organic growth and targeted acquisitions in the Texas market.
As part of its expansion strategy, Geopulse will establish a new headquarters in Big Spring, Texas, in June 2025. The move represents a significant milestone in the company's ongoing efforts to consolidate and expand its footprint in the competitive oilfield services sector.
Curated from NewMediaWire
