Geopulse Exploration Strengthens Texas Energy Sector with ATC Services Acquisition
TL;DR
Geopulse acquires ATC Services in a strategic move to expand operations, providing a competitive edge in the oil and gas construction market.
Geopulse completed the acquisition of all outstanding membership interests of ATC Services, adding high-margin support services to its Texas operations.
The acquisition of ATC Services by Geopulse is expected to lead to sustainable growth in the oil and gas industry, benefiting both companies and the local economy.
ATC Services offers a wide range of services, including drilling, construction, and environmental remediation, making it a versatile addition to Geopulse's portfolio.
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Geopulse Exploration, Inc. has taken a significant step forward in the Texas energy sector by finalizing its acquisition of ATC Services, a specialized oil and gas construction firm based in the Permian Basin. This strategic move, completed on April 28, 2025, involves the purchase of the remaining 50% of ATC's membership units, making it a wholly-owned subsidiary of Geopulse. The acquisition is not just a testament to Geopulse's growth strategy but also highlights the vibrant dynamics of Texas's energy industry.
ATC Services is renowned for its comprehensive support services to the energy sector, including drilling and facility pad construction, road maintenance, and environmental remediation. With this acquisition, Geopulse is poised to add approximately $12 million in annual run-rate revenue, underscoring the financial and operational synergies expected from this merger. The inclusion of ATC Services' CEO Chris Bishop and Director Shawn Rye on Geopulse's Board of Directors further signifies the strategic importance of this acquisition and the shared vision for growth in the Texas market.
Marcus Laun of Geopulse highlighted the acquisition's alignment with the increasing demand for energy services and the potential for industrial re-shoring efforts. By leveraging ATC's high-margin service portfolio, Geopulse aims to not only enhance shareholder value but also contribute to the robustness of Texas's energy infrastructure. The upcoming opening of Geopulse's new headquarters in Big Spring, Texas, in June 2025, marks a pivotal moment in the company's expansion and its commitment to the region's economic development.
This acquisition is a clear indicator of the evolving landscape of the Texas energy sector, where consolidation and strategic partnerships are key to addressing the growing demands of the industry. For stakeholders, from investors to local communities, the merger between Geopulse and ATC Services represents a promising avenue for sustained growth and innovation in one of the state's most vital industries.
Curated from NewMediaWire
