Date Acquired: 1985
Date Exited: 1988
Sector: Oil & Gas
Location: Midland, TX
ThermaTech
ThermaTech was a manufacturer of oil and gas equipment based in Texas. After the acquisition, as part of operations improvement, Head Office in Dallas was moved to Midland, closer to its customers. New products were added and customer support was enhanced. It was sold to a strategic buyer that was a British equipment manufacturer serving the North Sea oil industry.