Headquartered in Fort Worth, Texas, Waples Manufacturing is a full-service provider of precision machined solutions for the oil and gas market. Waples Manufacturing makes highly engineered products that are used in a number of severe-duty applications, including hydraulic fracturing pump and tank equipment, cementing, oilfield tooling, plunger lift systems, mining drill rig equipment and aviation communications equipment.
Dale Bradley, president of Waples Manufacturing, said: “We look forward to growing the business and continually providing quality service to our customers with the support of Banyan and their group of investors.”
Quarton Partners acted as the exclusive financial advisor to Waples Manufacturing in this transaction.