Basin Announces the Acquisition of Beck Oilfield Supply

NEW YORK, November 4th, 2014 Basin Holdings, a global energy and industrial holding company, announced the acquisition of Beck Oilfield Supply. Beck will operate through Basin Supply, a division of Basin Holdings that provides oilfield equipment supply and distribution to the global energy industry.

Beck is headquartered in Hennessey, Oklahoma and provides oilfield supplies across multiple locations in Oklahoma, Texas, and Pennsylvania. Post-acquisition, the company will merge with WB Supply, Basin Supply’s North American subsidiary. The purchase increases the number of WB locations to 31, offering greater coverage in Oklahoma and Texas and giving WB entrance into the Marcellus Shale and South Central Oklahoma Oil Province, or SCOOP.

“Beck Supply is an excellent fit for us,” said Ron Hess, President of WB Supply. “The management team shares our commitment to the customer, and the store locations are excellent. Joining two strong independent supply companies will benefit customers in all our markets.”

“We have known about WB for years, and are very happy to become part of their team. Our companies share operating philosophies, so we expect a seamless transition,” said Don Webb, Vice President of Beck.

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.