Basin Holdings Announces the Acquisition of Anderson Machining Service

NEW YORK, August 26th, 2015 - Basin Holdings, a global energy and industrial holding company, announced the acquisition of Anderson Machining Service. Anderson will operate through Basin Industries, a division of Basin Holdings that manufactures industrial equipment.

Anderson manufactures precision components and assemblies used in the hydraulic, recreational vehicle, and energy industries. The company has over 60,000 sq. ft. of manufacturing space in Jefferson, Wisconsin and Whitewater, Wisconsin with design and prototype capabilities. Anderson specializes in the precision machining of close tolerance, high-feature content parts supplied on a customer-by-customer basis.

Founded in 1980 as a family-owned business and now numbering over 150 employees, Anderson has grown into a leading supplier of CNC-machined components for high-profile industrial customers and Tier 1 suppliers. The company’s innovative manufacturing processes have earned it a number of operational performance accolades and designation as a government prime contractor and a commercial 1st tier supplier.

Erik Anderson, Chief Operating Officer, commented, "Basin’s growth capital and operating expertise will provide us the resources to continue investing in our infrastructure, technologies, and people. I am very proud of what our employees have accomplished over the last 35 years and I look forward to our future with Basin."

Jim Waters, President of Basin Industries, added, “Ron and Sue Anderson have built a world-class business. Their focus on customer satisfaction and quality has established the company as a preeminent precision component supplier. Their dedication to people development has created a strong team from the shop floor to senior management. We look forward to partnering with the Anderson family to build on this legacy and accelerate the next phase of the company’s remarkable growth.”

For additional information about Anderson Machining Service, please visit the company website at www.amscnc.com.

About Basin Holdings

Basin Holdings is a privately held industrial holding company focused on providing market leading products and services to energy companies around the world. Our talented, experienced managers oversee a global platform that offers supply chain management services, oilfield services and specialty equipment manufacturing. We are focused on long-term economic value creation and community impact. We apply an entrepreneurial mindset to everything we do. Find us at www.basinholdings.com.