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Young Energy Products, a Tulsa-based oilfield fittings manufacturer and distributor, has purchased Skinner Brothers Company in a strategic acquisition that expands Young’s offerings of products and support for the petroleum industry.
Terms of the sale were not disclosed at the parties’ requests.
IBG Business (Oklahoma) served as business advisor to the buyer on the acquisition, which closed June 23. IBG co-founding partner John C. Johnson (pictured) led the IBG team.
Founded in Tulsa in 1929, Skinner Brothers offers an extensive network of plants, warehouses, and offices and a broad line of products to the oilfield industry in the U.S., Canada, and South America.
Young’s acquisition of Skinner continues its platform for growth of manufactured product lines in supplying oilfield equipment dealers nationally and internationally.
“We are pleased to add Skinner and its products to Young’s lineup in expanding our rich history of serving the oilfield markets,” said Craig Sutton, CEO of Young Energy Products.
More about: IBG Business
IBG’s professionals have provided merger and acquisition services to the U.S. middle market since 1986. Their award-winning M&A broker and advisor experts have an industry leading track record of 1,100 successful transactions.
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