TEAM acquires Schlehuber Oil Tools

TEAM Oil Tools Inc.

TEAM Oil Tools Inc. has acquired the assets of Schlehuber Oil Tools LLC. Founded in 2005, Schlehuber is a downhole tools company servicing the Permian Basin.

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. 

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