Headquartered in Denver City, Texas, Schlehuber provides completion tools, service tools and fishing and rental services. TEAM is focused on the design, manufacture, sale, and service of downhole completion products, and is backed by Intervale Capital.
Byron Cowart, TEAM’s CEO, will oversee the combined business. Cowart has more than 30 years of oilfield service experience, managing the completions operations of Weatherford International, Key Energy Services, and TIW Corp.
As part of the transaction, Robert Schlehuber, Schlehuber 's founder and president, will be promoted to regional manager of TEAM's Permian operations.