Energy and Environmental Services Acquires Abilene Celex Services

February 1, 2020

Energy and Environmental Services, Inc. (OTC: EESE) acquired all membership interests in Abilene Celex Services, LLC, a Texas-based oilfield chemical provider, for $325,000 effective February 1, 2020. Management expects pro forma combined 2019 revenues of approximately $9.5 million, with Celex contributing about $700,000; EES said it will manufacture field-ready products for Celex at its Snyder, Texas plant to capture freight savings and volume discounts.

Buyers
Energy and Environmental Services, Inc.
Targets
Abilene Celex Services, LLC
Industry
Oil & Gas
Location
Texas, United States
Transaction Type
Buyout

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