http://www.reuters.com/article/pressRelease/idUS155457+03-Nov-2009+BW20091103
RedHawk Energy Acquires Xxtreme Group for $66.0 Million
Tue Nov 3, 2009 11:05am EST
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LAFAYETTE, La.—(Business Wire)— RedHawk Energy Corporation (“RedHawk”) announced today that it has acquired 100% of the membership interests of Texas-based Xxtreme Pipe Services, LLC, Xxtreme Pipe Storage, LLC, Xxtreme Tubular Processors, LLC and Wolf Pack Rentals, L.L.C. (collectively, the “Xxtreme Group”) for $66.0 million in cash, preferred stock and assumed debt. The purchase price is subject to certain post-closing adjustments.
Headquartered in Houston, Texas, the Xxtreme Group is a premier provider of oilfield services including ultrasonic inspection, storage and API threading and processing of Oil Country tubular goods. Through its tubular unit, the Xxtreme Group employs approximately 150 operational, marketing and administrative personnel with field and administrative facilities in Houston, Channelview and Lone Star, Texas and Beebe, Arkansas. Through its rental unit, Wolf Pack Rentals, L.L.C., the Xxtreme Group, employs approximately 30 field, marketing and administrative personnel in Texas, Oklahoma, Arkansas and West Virginia. Wolf Pack Rentals, L.L.C.`s rental fleet includes modular buildings, living quarters, generators, light towers, water and sewer systems, forklifts, man-lifts, communication systems and drill pipe.
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Additionally, RedHawk previously announced the addition of Thomas J. Concannon as its Senior Vice President. Mr. Concannon has more than 20 years of energy industry experience. He recently served as Vice President and Chief Financial Officer of Geokinetics Inc., a publicly traded provider of seismic acquisition and data processing services to the oil and natural gas industry. Mr. Concannon earned an accounting degree from Manhattan College. Prior to receiving his Juris Doctorate from St. John`s University School of Law, he was a member of the audit staff of PricewaterhouseCoopers.
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Concannon, Thomas J. [MC????]
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Dear John,
I believe that Tom is a member of the Class of 1979.
Mike
[JR: Thanks, Mike. Much appreciated.]
Concannon, Thomas J. [MC1979]
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