B/E Aerospace, Inc. (NASDAQ: BEAV), Wellington, FL, has agreed to acquire Vision Oil Tools, LLC, Houston, TX, a provider of oilfield rental equipment and services.
“The acquisition of Vision, headquartered in Houston, TX, continues our initiative to expand our consumables management segment into the oilfield rental equipment, logistics and services business," said Amin J. Khoury, chairman and CEO of B/E Aerospace. "Vision establishes a new geographical base of operations in the North Dakota and Rocky Mountain regions."
The acquisition purchase price is expected to be $145 million.
