KLH Capital is pleased to announce that its portfolio company Atchafalaya Measurement, Inc. has completed the acquisition of Wildcat Measurement Service, Inc. (“Wildcat”). Wildcat, based in Artesia, NM, is a leading provider of oil and gas measurement equipment and services, servicing the Permian region. Wildcat has an outstanding reputation for providing safe, high quality, and reliable measurement services over the last 21 years.
Wildcat co-owners Karl Haeny and Don Norman commented, “Combining with AMI allows Wildcat to offer our customers expanded measurement services and locations, while staying true to our promise to exceed customer expectations.” Dal Miller, CEO of Atchafalaya Measurement commented, “It has been a real pleasure to work with Don and Karl and we are excited to continue building on the great business they have built.”
To fund the transaction, AMI raised capital from its existing lenders, with KLH also investing additional capital to support the acquisition. “Wildcat is in a contiguous geographic market to AMI and is a perfect overlap with our core services, so we were excited to support the AMI team with additional capital to get the deal done,” said James Darnell, Partner of KLH Capital.
ABOUT ATCHAFALAYA MEASUREMENT
Founded in 1982 and located just outside of Lafayette, Louisiana, AMI offers a complete set of measurement and laboratory services for oil and gas operators. AMI offers a broad range of supplies and equipment for various measurement related applications and provides installation and maintenance services with bases of operation in Houma, LA; Scott, LA.; Shreveport, LA.; Sayre, PA.; Odessa, TX.; Floresville, TX. and now Artesia, NM.
ABOUT KLH CAPITAL
KLH Capital is a fully capitalized SBIC-licensed private equity firm which currently manages $165 million in capital. During our nearly 30-year business tenure, we have successfully completed more than 130 transactions, including recapitalizations, management buy-outs and buy-ins, family successions and retirement transitions, and corporate divestitures.
For more information, please contact James Darnell (jdarnell@klhcapital.com) or Will Dowden (wdowden@klhcapital.com).
