Accelerated acquires oil & gas equipment company DynaFlo

Source:Accelerated Companies, LLC

Accelerated Companies has acquired DynaFlo Artificial Lift Systems and Five Star Equipment

Accelerated Companies, LLC, a portfolio company of White Deer Energy L.P., has acquired DynaFlo Artificial Lift Systems and Five Star Equipment, LLC. DynaFlo and Five Star are Oklahoma-based providers of electric submersible pumps (“ESPs”) and related services to the oil and gas industry.

Founded in 2010, DynaFlo provides ESP products and services from its headquarters in Skiatook, Oklahoma and from four field locations in Oklahoma, Wyoming, and Kansas. Five Star, founded in 2004, is based in Ramona, Oklahoma. Five Star provides ESP products and services throughout the United States at the wholesale, retail and OEM level.

Both DynaFlo and Five Star are led by an experienced team of managers and company founders, who have rich histories in the ESP business. Both companies offer a complete line of high quality, field proven ESP equipment including pumps, motors, cables, surface controls, pump testing and field service capabilities.

Commenting on the transaction, Brad Goebel, Accelerated’s CEO, said “These strategically targeted acquisitions complement our specialized artificial lift business. Today’s unconventional wells require innovative lift systems that maximize production and minimize downtime. We now offer a unique suite of artificial lift solutions oriented toward today’s challenges such as horizontal and deviated wells, high levels of abrasive sand, increased amounts of flowback and produced fluids that collectively make traditional artificial lift solutions less efficient. We are proud to add the DynaFlo and Five Star brands to our product offering, as their experienced management teams have built impressive organizations that are focused on quality and customer service and are well positioned for growth.”

Bill Morrison, founder of DynaFlo and Five Star, said “A partnership with Accelerated will benefit all parties. Accelerated has the expertise and historical knowledge of the ESP business to help us grow the business beyond where it is today.” Matt Gipson, President of DynaFlo, and Sean McIntosh, President of Five Star, agreed. “We are excited to become a part of this new partnership,” said Gipson. McIntosh added, “With this investment, we will be able to provide enhanced products and services to our customers and expand our business geographically.”

ESC Solutions, LLC acted as DynaFlo and Five Star’s financial advisor on the transaction.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs