Heater Specialists LLC (HSI), a fully integrated manufacturer of refinery and petrochemical equipment, has acquired the fabrication business of ParFab Industries in Inola, Oklahoma. HSI is a subsidiary of Energy Process Technologies, Inc. (EPTI). The acquisition increases HSI’s fabrication facilities to over 200 acres and approximately 500,000 sq. ft. of indoor space, positioning the company as a major player in the power generation, petrochemical, refining, renewable, syngas, and energy industries globally. HSI has offered continued employment to all ParFab Industries production employees and will take over and complete all existing work orders. ParFab Field Services will continue as a standalone entity focusing on Field Services while divesting its heater fabrication division to reallocate resources. Legal and advisory support for the transaction were provided by Jones, Gotcher & Bogan, P.C., and ClearRidge, respectively. The financial terms of the deal were not disclosed.

Manufacturing, Energy, Engineering & Construction,United States, Global

https://www.newswire.com/news/heater-specialists-acquires-parfab-industries-22370655