NOW Acquires Montana-based Power Service, Inc.
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NOW Inc. has closed on its acquisition of Power Service, Inc., Industrial Tool & Repair, Inc., d/b/a/ Power Service of Montana and Power Transportation LLC (collectively, Power Service). Tony Cercy, who has owned and led Power Service for the last 11 years, but has been with the organization for 33 years, has agreed to join DistributionNOW in his current role, which will be expanded to include existing DNOW businesses that provide engineered, packaged solutions.
“We are pleased Power Service is joining DistributionNOW. Our customers and sales team will benefit from DNOW’s extensive network of locations, both in the US and abroad, and strong Pipe, Valve, and Fitting (PVF) and MRO supplier relationships. We are very excited to begin leveraging these supplier relationships to improve our performance, and to grow our existing business through DNOW’s expansive infrastructure, which includes their recent acquisition of Odessa Pumps,” said Cercy.
“Customers have already started reaching out to us as they are excited about Power Service joining the DNOW organization and the resulting geographic expansion of our capabilities,” added Cercy.
“We are happy to welcome the Power Service employees to the DistributionNOW family. We believe Power Service’s established position in the oil & gas tank battery solutions market will positively impact our operator customers by enabling them to expedite revenue generation by reducing the time to complete a tank battery and get oil and gas into the pipeline, and saving our customers time and expense related to well hookup decommissioning. We are excited about the many new packaged products and solutions DNOW will be able to offer our customers, including the expansion of product lines for our Odessa Pumps business and growing our valve actuation solutions offering,” said Robert Workman, president and CEO of NOW Inc.
“This combination will greatly benefit our customers, Power Service, and the DistributionNOW organization as a whole,” added Workman.
About NOW Inc.
NOW Inc. is one of the largest distributors to energy and industrial markets on a worldwide basis, with a legacy of more than 150 years. NOW operates primarily under the DistributionNOW and Wilson Export brands. Through its network of more than 300 locations and approximately 4,800 employees worldwide, NOW offers a comprehensive line of products and solutions for the upstream, midstream and downstream energy and industrial sectors. NOW’s locations provide products and solutions to exploration and production companies, energy transportation companies, refineries, chemical companies, utilities, manufacturers and engineering and construction companies.
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