NextMart acquires oil field services provider Two Brothers Services
NextMart has acquired Two Brothers Services, a New Mexico-based oil field services provider in the Permian Basin, US.
As per the terms of the deal, NextMart acquired Two Brothers Services in exchange for 30 million of its shares.
Based in Carlsbad, Two Brothers Services is said to be active in the main oil and gas fields of the Permian Basin. It offers specialized oil field services such as hot oilers and super vac trucks.
Two Brothers Services has nearly $3 million in hard assets and equipment.
NextMart acquires oil field services provider Two Brothers Services. Photo courtesy of John R Perry from Pixabay.
William Bouyea — NextMart said: “We are happy to acquire Two Brothers Services in Carlsbad, New Mexico. They are a fast-growing oil field service business in one of the hottest oil and gas production areas domestically, the Permian Basin.
“They fit perfectly in the portfolio of business operations we now own in the hot oil and gas market of the Permian Basin. Having Two Brothers Services as one of our operational subsidiaries and bringing Oscar Maldonado (Owner) as part of our team is without a question a very large event for the Company.”