American Industrial Machine acquisition finalized

Repair, maintenance company now owned by BP Energy Partners

Private equity firm BP Energy Partners has closed on its acquisition of American Industrial Machine (AIM) as the company continues to focus on companies providing turn-key solutions to the natural gas value chain.

AIM, which was founded by Walt Tonge and John Hutson in 2010, is a leading regional provider of mission-critical repair and maintenance services for natural gas compressors operating in West Texas and New Mexico. The company specializes in repair, fabrication and critical parts supply for compressor infrastructure used in the transportation of natural gas. The company exclusively focuses on aftermarket-based repair and maintenance service opportunities of regularly consumed parts as a result of continuous and remote operations. In addition to repair and maintenance, the company also manufactures and sells replacement components and parts offering its customers complete turnaround solutions that reduce costly downtime and optimize equipment performance. The company has two full-service facilities in Odessa, Texas.

“AIM’s strong culture of service, deep customer relationships and history of growth support its unwavering value proposition and focus on the compressor irrespective of its source of power,” said Michael Watzky, managing partner of BP Energy Partners. “We look forward to partnering with the company and supporting its next phase of growth.”

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
ADNOC and bp enter JV
Plan to grow gas portfolio in Egypt
The history of the gas compression industry comes to life
Norm Shade’s upcoming book highlights 150 years of products, technologies and companies
Solar Turbines has new president
York replaces Pellette at Caterpillar subsidiary