SMG Industries Acquires 5J Oilfield Services and 5J Trucking
February 27, 2020
SMG Industries, Inc. acquired 100% of membership interests in 5J Oilfield Services LLC and 5J Trucking LLC, closing on February 27, 2020. The acquisition expands SMG's midstream logistics and rig-move capabilities across the Southwest U.S., is immediately accretive, and increases projected 2020 revenues to roughly $60–64 million.
- Buyers
- SMG Industries, Inc.
- Targets
- 5J Oilfield Services LLC, 5J Trucking LLC
- Sellers
- James "Jimmy" Frye, James E. Frye Jr.
- Industry
- Transportation
- Location
- Texas, United States
- Transaction Type
- Buyout
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