“Houston-area energy services company acquired by Pittsburgh manufacturer”
Pittsburgh-based L.B. Foster Co. (Nasdaq: FSTR) recently acquired Chemtec Energy Services LLC, a major supplier of blending, injection and custody transfer metering skids for use in the oil and gas industry.
Chemtec, which is based in Willis, Texas, will expand L.B. Foster’s presence in the midstream market, according to the company.
Crutchfield Capital Corp., a Houston-based investment banking firm, and Thompson & Knight LLP, an international law firm with an office in Houston, advised Chemtec.