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Recapture Solutions takes over FLPS.

MANews-(C)2009-2014

22 October 2014 - US flare gas capture services provider Recapture Solutions LLC said today it had purchased domestic well-site power generators leasing company Flex Leasing Power & Service (FLPS) without disclosing transaction terms.

FLPS serves oil and gas sector players across North America. After its acquisition, FLPS will continue as the exclusive lessor of Flex Turbines for the oil fields in the DJ Basin, Eagle Ford Shale, Permian Basin and Williston Basin, the buyer said.

The turbines provided by FLPS are reliable and perform remarkably in extreme temperatures, which makes them the perfect solution for remote well-site power in North Dakota and the Rocky Mountains, noted Recapture chief executive Jason Arnoldy. The turbines will also provide power to Recapture's growing flare reduction and NGL extraction operations, he added.

FLPS's solutions are created to deliver highly-reliable performance and to reduce emissions and fuel costs, said FLPS president Doug Baltzer.

Country: USA

Sector: Machinery/Engineering, Business and Consumer Services

Target: Flex Leasing Power & Service

Buyer: Recapture Solutions LLC

Type: Corporate acquisition

Status: Closed

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Publication:M & A Navigator
Date:Oct 22, 2014
Words:173
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