Cooper Machinery Services Completes Four Acquisitions In Four Months

    Este Cooper-Bessemer integral está funcionando después de la revisión por parte del equipo de servicio de Cooper.

    John Sargent took the reins of Cooper Machinery Services (Cooper), a portfolio company of Arcline Investment Management, in September 2019 and made it very clear that his plan was to “rebuild Cooper into the market leader once again.” Four months into his tenure as CEO, Sargent has closed on four acquisitions, with two coming in the early days of the new year – Sinor Engine Company and Hoerbiger’s Engine Legacy Solutions.

    According to Cooper, the acquisitions better position the company as a technical leader of mission-critical compression and engine systems. “Four in four” is a monumental achievement for Cooper, but Arcline’s tenacity deserves recognition as well. John Sargent didn’t hesitate to extend credit, noting that “Arcline has made every financial and strategic effort to support us as we move this business back to prominence in the compression industry.”

    Cooper isn’t just buying companies for the sake of headlines, it’s putting the pieces together as part of a broader growth strategy. Cooper’s acquisitions of Epic International’s (Epic) energy services business and Reciprocating Technology Services (RTS) in late September provided a way for Cooper to strengthen its position in aftermarket parts and services. RTS specialized in service and repairs and has interjected a heavy emphasis on speed-to-market into the Cooper field service culture. Epic maintained a large service organization but was also a manufacturer of hard iron engine parts for brands such as Cooper-Bessemer, Ingersoll, Clark, and Worthington. The acquisitions consolidated the marketplace and gave Cooper …

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    This article appears in the February 2020 issue of Gas Compression Magazine. You can read the entire article right now by clicking the link above.

     

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