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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