Predict your next investment

INDUSTRIAL | Manufacturing / Industrial Equipment & Component Manufacturing

See what CB Insights has to offer

Stage

Acquired | Acquired

About Texas Oilpatch Services

Texas Oilpatch Services (TOPS) is a distributor of bearings, oil seals, power transmission products, and related replacement parts to the oilfield industry.

Texas Oilpatch Services Headquarter Location

5631 Dorbrandt St

Houston, Texas, 77023,

United States

713-921-1290

Latest Texas Oilpatch Services News

Applied Industrial Technologies Acquires Texas Oilpatch Services Corporation

Jan 2, 2014

Jan 02, 2014, 13:07 ET from Applied Industrial Technologies CLEVELAND, Jan. 2, 2014 /PRNewswire/ -- Applied Industrial Technologies (NYSE: AIT ) today announced it has acquired Texas Oilpatch Services Corporation (TOPS) of Houston, Texas. TOPS is a distributor of bearings, oil seals, power transmission products, and related replacement parts to the oilfield industry. While the terms of the sale were not disclosed, the transaction will be accretive in the current fiscal year. "The addition of TOPS enhances our capabilities to serve the oil & gas market by providing added O&G industry expertise and experience," said Neil A. Schrimsher, President & Chief Executive Officer for Applied®. "Overall, TOPS is an excellent complement to Applied, offering additional opportunities for energy market growth. " Todd A. Barlett, Applied's Vice President – Acquisitions and Global Business Development, added, "We are very pleased to add TOPS and its knowledgeable team of associates to our Company. We believe they are an ideal fit with our business strategy and growth plans. " With more than 500 facilities and 5,000 employee associates, Applied Industrial Technologies is a leading industrial distributor that offers more than five million parts to serve the needs of MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training and inventory management solutions that provide added value to its customers. Applied can be visited on the Internet at www.Applied.com . SOURCE Applied Industrial Technologies

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.