Danos Group Holdings finalized the acquisition of Performance Energy Services, a 24-year-old company based in Houma, reports Biz New Orleans. The acquisition includes all PES business units, the Houma administrative office and waterfront operations facility.
“I’m excited about the opportunity to work with PES. Both organizations are rooted in strong values and a culture of caring for employees,” says Paul Danos, CEO of Danos Group Holdings, in a press release. “Growing our project services capabilities means we can better support and serve our customers and provide more development opportunities for our employees.”
PES will remain a separate entity and join Danos LLC as part of the Danos family of companies. Danos Ventures facilitated the transaction on behalf of Danos Group Holdings. Read more.
Read More: Danos acquires Performance Energy Services – 10/12 Industry Report