NAS' second domestic oil and gas acquisition

National Austomation Services, Inc. has announced that a letter of intent to purchase has been agreed to and signed by and oil and gas service and construction company located in Colorado.

The Company's name and information will be announced once the final Purchase and Sale Agreement is executed which is anticipated in the next few days.

The Company provides construction services to the oil and gas industry, installing necessary piping, tanks, pumps, automation equipment, etc., and is headquartered in Colorado. In 2013 they achieved US$ 15 million in total sales and employed over 100 employees. They are a widely respected contracting outfit in their field and have an excellent management team that will continue on with NAS after the purchase.

Sean Sego, Director of NAS and head of the Acquisition Committee stated "We are very excited to announce this latest acquisition as the synergies created between JD Field Services and this Colorado based company will allow both to flourish and become a formidable influence in the oil and gas production services sector in the region. Our goal is to add diversity in products and services to our current and future clients as we develop new relationships through our acquisition plan as it develops."

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/03072014/nas_second_domestic_oil_and_gas_acquisition/