GHX acquires Key City Warehouse Sales
Houston-based GHX Industrial LLC has acquired Abilene, Texas-based Key City Warehouse Sales.
Key City specializes in the distribution of belts, hoses, fittings, valves and other products to customers primarily in the upstream oil and gas business.
Key City's five locations will bring the total number of branches operated by GHX to 42 in the U.S. and Edmonton, Canada.
Headquartered in Houston, GHX is a fabricator and supplier of industrial fluid transfer and sealing products to both the upstream and downstream energy markets. The addition of Key City Warehouse Sales will significantly boost GHX's presence in major oil and gas exploration and production areas in the U.S.
"Of particular interest to us is the addition of Key City's Alice, Texas, and Elk City, Okla., locations, which enhance our ability to serve customers operating in the Eagle Ford shale, Woodford, Anadarko Basin and Texas Panhandle areas," said Richard Harrison, president and CEO of GHX.
GHX board chairman Dan Ahuero noted, "Key City's assets fit like a glove with our other locations. This acquisition allows us to expand into additional active exploration and production areas of the U.S. with an already-experienced staff and a loyal customer base," he added.
According to Harrison, Key City will operate under the McCarty name, which GHX maintained after the acquisition of McCarty Equipment in September 2011. "McCarty has a very strong customer base which was built by providing superior service and by opening new locations to support customers' growth into new areas," he said.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
