Originally established in , the cementing operation is now doing business as American Cementing with an established footprint in every major oil and gas basin throughout the United States. With the acquisition complete, American Cementing leaders announced today the retention of highly-skilled employees related to the cementing business and procurement of company assets and equipment, including bulk plants and technical labs located in the field.
No fracturing assets were acquired in the acquisition. We are excited to provide American Cementing with an unlevered platform that is focused solely on cementing operations. American Cementing services include in-depth laboratory testing, precise blending at the bulk plant and dependable mixing and pumping operations at the wellsite.
Additionally, the Company offers acidizing services and products that are engineered to enhance production and remove well-bore damage to ensure integrity for the lifetime of the well. With the assistance of Argonaut, we have the capacity to reach an even larger customer base within our major basin locations.
Despite the ongoing pandemic, Argonaut is actively reviewing opportunities and looks forward to completing more transactions.
About Argonaut Private Equity Argonaut understands the unique needs of individual businesses that operate in the central region of the United States and other underserved markets. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations. Leveraging the collective strength of our historical investment experience, industry advisors, current portfolio companies and affiliates, Argonaut looks to share resources, best practices and key relationships between investments to create synergistic opportunities across the following sectors: energy services, manufacturing and industrials.
