NOW, Inc. to acquire Odessa Pumps and Equipment
Odessa Pumps and Equipment includes approximately 13 sales and operations locations in Texas, New Mexico and Oklahoma that provide pumps and equipment to the oil and gas and municipal and wastewater markets. Founded in 1980, the company has approximately 300 employees.
“The addition of Odessa Pumps and Equipment not only offers DistributionNOW the ability to expand our products and services offerings to our key energy customers in areas where both firms currently operate, but also gives us the opportunity to leverage Odessa Pumps’ business model, expertise and manufacturer relationships within the extensive DNOW infrastructure not currently serviced by Odessa Pumps to grow our customer participation organically," Robert Workman, president and CEO of NOW, Inc., said. "In addition to the results we can deliver by working together in the energy sector, both [companies'] downstream, industrial and municipal businesses will benefit from the strengths of each firm.”
With more than 300 locations and approximately 5,000 employees worldwide, NOW, Inc. is one of the largest distributors to the energy and industrial markets. Its primary brands are DistributionNOW and Wilson Export.