Tulsa, Oklahoma-based Hydra Service — a manufacturer of Dynapower pumps, motors and turbine starters — announced the company has been purchased by a manufacturing investment group, led by business professional Mick Webber. Financial terms were not disclosed.

As part of the deal, new ownership and existing management will service and replace old equipment, develop new products, open channels to market and attract different customer segments, according to a news release.

“When I started Hydra Service in 1981, we were a four-man shop that primarily serviced oilfield equipment,” said former owner Rick Bentley. “Over time, our focus shifted in response to market conditions however our absolute focus on quality and people is unchanged. In fact, the three guys I started out with 42 years ago still work here, giving our customers a feeling of certainty that you just don’t get anymore. I am proud of the work we’ve done, and I’m excited for the next chapter in Hydra Service’s story with new ownership and their expertise in manufacturing, innovation, and growth.”

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A rebranding effort will also include enhanced marketing, developing a sales team and modernizing the website, ERP and CRM infrastructure, Hydra Service said.

“We see incredible potential for Hydra Service to continue to grow its legacy products and tremendous opportunity as we focus on the energy and hydraulics space,” said Webber. “Whether we install turbine starters for city power, massive pumps for mega cranes and construction, or centrifuges for the chemical and medical industries, we offer industry-leading products backed by the undisputed experts who manufacture and service the units that keep the lights on and industry moving across the globe.”