American Industrial Partners acquires fracking pump manufacturer SERVA

1 min read

Founded in 1991, SERVA designs and manufactures fracking equipment, including pumps, as well as coiled tubing, well intervention and workover equipment.

SERVA has production facilities in Tulsa and Duncan, Oklahoma, USA and in Calgary, Canada, and a distribution facility located in Wichita Falls, Texas, USA.

In addition to its North American operations, SERVA has two joint ventures in China: SJS which produces pumps for fracking related equipment, associated fluid end replacement parts, cementing units, data vans, and downhole tools, and SDS which manufactures downhole cementing tools. SERVA’s products are sold primarily in the US and increasingly in Asia.

“We believe SERVA is currently well positioned to participate in a recovery from what has been a cyclical low point of frack equipment capital spending,” said AIP’s Constantinos Coutifaris. “The company’s leading edge line of products allows SERVA to compete with differentiated offerings in many important end markets.”

“We believe that AIP will be a value-added partner for the company going forward,” said Jorge Amador of AIP. “In collaboration with management, we have developed a compelling operating agenda that will allow SERVA to continue to successfully meet oil and gas customer needs through engineering excellence and new product development.”

AIP is a middle-market private equity firm focused on acquiring and improving North American-headquartered industrial businesses serving domestic and global markets.