MHWirth AS, an offshore equipment manufacturer owned by publicly traded
Norwegian oilfield services investment company Akastor ASA, paid $31.5 million to
acquire Bronco Manufacturing LLC, which supplies replacement parts for onshore
and offshore drilling rigs worldwide. Based in Tulsa with manufacturing facilities
and offices in Tulsa and Houston, Bronco was established in 1980 and has
41 employees supporting rig operators worldwide, including the Norwegian
Continental Shelf.It had 2018 EBITDA of
$3.6 million on revenue of $23.4 million.
The transaction was completed on......
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