Curated News
By: NewsRamp Editorial Staff
May 01, 2025
Geopulse Exploration, Inc. Acquires ATC Services, Adding $12 Million in Annual Revenue
TLDR
- Geopulse acquires ATC Services in a strategic move to expand operations, providing a competitive edge in the oil and gas construction market.
- Geopulse completed the acquisition of all outstanding membership interests of ATC Services, adding high-margin support services to its Texas operations.
- The acquisition of ATC Services by Geopulse is expected to lead to sustainable growth in the oil and gas industry, benefiting both companies and the local economy.
- ATC Services offers a wide range of services, including drilling, construction, and environmental remediation, making it a versatile addition to Geopulse's portfolio.
Impact - Why it Matters
This news matters as it signifies a strategic move by Geopulse to expand its presence in the oil and gas construction industry, tapping into high-margin support services in the Permian Basin. The acquisition not only boosts revenue but also sets the stage for future growth opportunities through organic expansion and potential acquisitions.
Summary
Geopulse Exploration, Inc. has finalized a Reorganization Agreement with ATC Services for the acquisition of all outstanding membership interests, adding $12 million in annual revenue. The transaction positions ATC Services as a wholly-owned subsidiary of Geopulse, with two ATC members joining the board of directors.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Geopulse Exploration, Inc. Acquires ATC Services, Adding $12 Million in Annual Revenue
