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FORT LAUDERDALE, Fla. Feb 21, 2014 – Fort Lauderdale-based investment banking firm Farlie Turner & Co. announces the sale of Wildcat Wireline, LLC (“Wildcat”), a provider of onshore cased-hole wireline services, to B/E Aerospace, Inc. (NASDAQ: BEAV). Wildcat’s President, Clyde Ricks, along with the senior management team of Wildcat will continue to lead the wireline division within B/E. Farlie Turner served as the exclusive financial advisor in the sale which closed on February 7, 2014. Terms of the transaction were not disclosed.
“We are pleased to have worked with Wildcat and its shareholders on this transaction. The company’s highly-regarded management team and well-known reputation for quality and efficiency are a reflection of the operating philosophy of Clyde and the shareholder group,” said Scott Sanderson, Managing Director and co-head of Farlie Turner’s energy practice. “B/E’s active interest in the energy industry made it an attractive partner for Wildcat. We enjoyed working with the entire Wildcat team and have confidence in their continued success and growth with B/E.”
Headquartered in Waskom, Texas, Wildcat provides completion services and an array of well logging services used in production. With decades of experience in cased-hole wireline, Wildcat’s management team has built solid customer relationships and a market-leading reputation for operational efficiency. With over 40 wireline units, Wildcat primarily operates in the Eagle Ford of south Texas, Permian Basin in west Texas, Utica Shale in Ohio, Mississippi Lime/Anadarko Basin in Oklahoma, and other regions in Texas.
Clyde Ricks, President and founder of Wildcat stated, “Farlie Turner identified a unique buyer for Wildcat, one that would not have otherwise crossed our path. We are excited to work with the B/E team and look forward to continuing to grow our presence in the space.”
B/E Aerospace, Inc. is the world’s leading manufacturer of aircraft cabin interior products and the world’s leading provider of aerospace fasteners, consumables and logistics services including oilfield rental equipment and services. B/E’s acquisition of Wildcat marks its third acquisition in the energy equipment and services sector in the last year.