BasinTek
A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.
The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.
BasinTek
A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.
The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.
BasinTek
A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.
The business generated its first sales in 2011 following the completion of a 63,000-sf facility in Houston, TX. The initial success of the product offering necessitated expanding the facility footprint to 150,000-sf in 2012, which included both manufacturing and coating capabilities. By 2013, the company expanded its presence in Canada through the construction of an 89,000-sf coating facility in Edmonton.
BasinTek
A greenfield startup in 2010, BasinTek is a manufacturer of downhole drilling motor power sections, rotors and stators.
Outcome
BasinTek was sold in October 2014 to Riverstone Holdings, a large, well-established energy private equity firm.