Actuant buys Louisiana energy facility services firm

Industrial Distribution staff -- Industrial Distribution, 3/4/2008 6:58:00 AM

Terrytown, La.-based SPS, which posted sales of about $25 million last year, provides maintenance services to the oil and gas and nuclear power industries, primarily in the Gulf of Mexico and mid-Atlantic states. The company will operate as part of Actuant’s Hydratight unit in its Industrial Segment.

“SPS is a great addition to our global joint integrity platform, adding a significant presence to our service business, both in oil and gas in the important Gulf of Mexico region and in power generation in the mid-Atlantic. Its long-standing customer relationships and trained workforce of over 125 service technicians represent excellent complements to our existing Hydratight business,” Industrial Segment leader Brian Kobylinski said.