Greene's Energy Group acquires assets of Production System Specialists
Enhances Greene's newly formed commissioning and specialty services division
HOUSTON – Greene’s Energy Group, an oil and gas specialty testing, rental and service business, announced this week it has acquired the assets of Production System Specialists (PSS). PSS is located near Lafayette, La., and does business in the Gulf Coast region, but plans to expand into the Marcellus, Bakken and Eagle Ford areas in the near future, according to a press release.
The acquisition will expand services in Greene’s newly formed Commissioning and Specialty Services Division to include dehydration, nitrogen and glycol services – eliminating the need for services provided by a third party.
“For Greene’s Energy Group, the acquisition of this company fits into our strategic plan and not only connects us with a broader facility customer base, but also improves our technical capabilities,” said
CEO Bob Vilyus in a prepared statement.
“Greene’s is a company with skilled employees that is known and respected in the market,” said PSS owner Robert McGrew in the release. “Joining Greene’s gives PSS the ability to take our products and services to the next level.”
McGrew, who will serve as director of Greene’s Production System Specialists, has 45 years of experience in engineering, design, construction, installation and maintenance of process equipment and glycol dehydration. McGrew owned Pressure Equipment Controls inc. for 17 years before starting Production System Specialists in 1996.
Intellectual property acquired includes a Storage Tank Vapor Recovery System that is used to prevent BTEX and VOCs hazardous vapors from polluting the environment and harming production personnel; and a Glycol Reboiler Vapor Condenser system that also prevents BTEX and VOCs vapors from harming people and the environment, but also increases the sales of hydrocarbons for customers. In addition, the Glycol Reboiler Vapor Condenser will play a role in helping companies meet the expanded emission laws expected to be imposed by the government.
Greene’s employs 600 people worldwide with its group headquarters in Houston and operations headquarters in Lafayette, La.